Kuwait has launched a campaign against cryptocurrency mining companies, which it accuses of being the 'main' cause of the electricity crisis that has led to power outages, as authorities seek to relieve pressure on the grid before the onset of the hot summer season.
The Ministry of Interior stated in a statement that authorities began a 'large-scale' security operation last week, targeting homes used for cryptocurrency mining, an activity it described as illegal.
Kuwait, a member of OPEC, is facing a severe electricity crisis due to population growth, urban expansion, rising temperatures, and delayed maintenance at some plants.
Electricity in the country is extremely cheap, and the government has urged residents not to waste it, as the demand for cooling amid scorching summer temperatures increases pressure on the strained power grid.
A source at the Ministry of Electricity told Reuters that cryptocurrency mining, while one of the main causes of the electricity crisis, is not the only factor...
