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Kosovo’s Bitcoin Miners Selling Equipment After Government Ban

  • Miners in northern Kosovo benefited from cheap electricity
  • Crackdown follows power cuts affecting millions of people
Green Crypto Miner In Canada To Go Public With Ticker 'SATO'
Photographer: Christinne Muschi/Bloomberg

Soaring energy prices and power blackouts in Kosovo, one of the poorest countries in Europe, led to a government ban on Bitcoin mining. Now, some miners are selling their equipment or trying to move abroad, industry participants say. 

The landlocked Balkan state is only the latest to crackdown on crypto mining after being buffeted by high energy prices. Kazakhstan, which had become a popular base for miners who fled China, took similar measures late last year.