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    26 illicit crypto mining farms cost Uzbekistan $4.7mn

    26 illicit crypto mining farms cost Uzbekistan $4.7mn

    Since the beginning of 2023, 26 illegal mining farms have been identified in Uzbekistan, the press service of the Prosecutor General’s Office reported.

    29 mn kWh of energy is used by 145,000 households in a month.
    Source: Prosecutor General’s Office

    As per the department, as a result of their actions, 29mn kWh of electricity was stolen, which is equivalent to the monthly consumption of 145,00 households. Damage to the state is estimated at UZS 58.2bn ($4.7mn).

    Criminal cases were initiated against 29 people under Article 169 (theft) of the Criminal Code. They face 8 to 15 years in prison.

    The Prosecutor General's Office warned that for the creation of illegal mining farms and theft of electricity on an especially large scale, a criminal case may be initiated under paragraph “a” of Part 4 of Article 169 (theft on an especially large scale / punishable by imprisonment from 8 to 15 years).

    Notably, when using electricity with a connection to a unified electric power system, miners must pay for electricity at a tariff with a 2-fold increasing factor, and when connecting to the network illegally - with a 5-fold increasing factor.

    For electricity consumption during the peak period, surcharges are applied to tariffs established by the Cabinet of Ministers.

     

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    06.12.2023, 21:29   Comments (0)   2088
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