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Cryptocurrency farm commissioned in Kazakhstan's Pavlodar

Business Materials 22 February 2021 17:53 (UTC +04:00)

BAKU, Azerbaijan, Feb. 22

By Nargiz Sadikhova - Trend:

A project for the construction of a 20 MW data center has been implemented in Kazakhstan’s Pavlodar region, Trend reports citing the KAZAKH INVEST National Company.

The project was funded by Kazakhstan’s BTC KZ company with the support of KAZAKH INVEST. The total investment volume in the project exceeded $2 million.

More than 20,000 mining machines have been installed on the project. The center is serviced by about 100 highly qualified specialists.

The project is the third data center of the BTC KZ company. The company is planning further expansion and is already negotiating with foreign partners on the construction of another 15 MW cryptocurrency farm.

Currently, with the support of KAZAKH INVEST in Kazakhstan in the field of information and communication technologies, 9 projects are being implemented for a total amount of more than $1.1 billion.

Among them are projects for the construction of data centers, fiber production, creation of a digital hub, automated systems data collection, etc.

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Follow the author on Twitter: @nargiz_sadikh

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