BlockBeats News, July 23rd, the government of Kazakhstan has approved the "Strategic Digital Mining Implementation Rules," allowing eligible enterprises to obtain a maximum of 10 years of electricity quota at a capped electricity price. In exchange, participating enterprises are required to transfer a portion of the mined crypto assets to the Astana Hub Autonomous Cluster Fund, which will then be entrusted to the state-run National Investment Corporation under the National Bank of Kazakhstan for the purpose of bolstering the country's strategic crypto reserves.

According to the new regulations, digital mining companies must submit an application through the E-licensing system, sign an agreement with Astana Hub within 5 working days of approval by a dedicated committee, and enter into a power purchase agreement with a power generation company to participate in the strategic digital mining initiative.