Odaily Planet Daily News Kyrgyz President Zaparov accepted an interview with the Kabar National News Agency and answered questions about the country’s construction of a “mining farm” at a hydropower station, that is, the use of hydropower to produce virtual currency. This is allowed in areas where the power generation capacity permits activities in order to generate revenue for the electricity sector. If there is a power shortage in winter, the operations of these "mining farms" will be suspended for the remaining nine months.
The electricity industry generates millions of dollars in tax revenue. For example, Kemin’s “mining farm” transferred 480 million soms to the electricity sector and paid 225 million soms in taxes in six months. Kemin’s “mining” company is registered with the local tax authority and pays taxes to the local budget, contributing to the development of the region.