Report: Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan

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Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet.

BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest in Kazakhstan, Chinese industry news agency 8btc reported Friday.

The representative also noted that Kazakhstan is not BIT Mining main area of business, as it has a number of “mid-to-high-end mining machines” deployed in North America. “It is unlikely that the machines will be withdrawn from Kazakhstan to North America, and further actions will be disclosed,” the report said.

“Some Kazakhstan miners told us that the internet was temporarily restored on January 7th. In addition, the 4G network of Chinese phones is also intermittently effective. The industry expects that the country may return to normal next Monday,” Chinese blockchain journalist Colin Wu reported Friday.

 

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