Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before the ...

What just happened? Kuwait has declared cryptocurrency mining "illegal and unlicensed" as part of a broad crackdown to ease pressure on its strained power grid amid a worsening energy crisis.

The Kuwaiti Ministry of Internal Affairs has banned cryptocurrency mining in the country because the energy-intensive process can threaten the stability of electricity supply. A large-scale operation ...

The coordination has led to tangible successes across several vital areas, enhancing the country’s ability to open new development and service horizons ...

Energy consumption in the Al-Wafrah region of Kuwait dropped 55 percent almost overnight as authorities raided homes ...

Over 100 houses are allegedly hosting crypto mining activities, with some of them using up more than 20 times the normal power consumption of the average Kuwaiti home.

Kuwait has banned cryptocurrency mining as it looks to regulate the activity and cut down on overloads of electricity network. The Ministry of Interior warned against cryptocurrency mining practices ...

Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid.