Laos stops power supply to cryptocurrency mining businesses


Cryptocurrency machines in Champasack province. - Vietnam News/ANN

VIENTIANE (Laotian Times): Electricite du Laos (EDL) has announced that it will no longer supply electricity to cryptocurrency mining operations in Laos, local media reported.

The notice, issued by EDL on August 24, states that Laos experienced drought conditions during the first six months of 2023, with extreme heat causing high electricity demand, while hydropower plants struggled to generate enough electricity.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Loas , Stop , Power , Crypto Mining , Companies

Next In Aseanplus News

Diplomats call for adaptation to shifting global trends
Public inspection for LRT Mutiara Line extension linking Penang Island, Seberang Perai
12 police personnel suspended over cryptocurrency theft
Bill to cap PM’s term at 10 years to be tabled on Monday
Thailand extends work permit renewals for workers from Laos, Myanmar and Vietnam to March 31
Cargo ship navigator arrested after deadly collision in central Japan
Police to call several individuals in probe over alleged share ownership by Azam Baki
Blackpink becomes first artist to reach 100 million subscribers on YouTube
Myitkyina Airport in Myanmar attacked by drone, MNA Airlines passenger plane hit
Ramadan buffet promotion in Brunei requires Halal certification

Others Also Read