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Mining Cryptonews

Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns

Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021. According to local news reports, the c...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns
Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.
According to local news reports, the country cites several reasons for the sudden decision ranging from electricity production to climate concerns linked to how it produced electricity due to drought....
Read More: Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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