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.