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And this, while the local government seeks to decarbonize the local economy.

Similar to China, Kazakhstan’s cryptocurrency mining farms have been set up near aging coal-fired power plants.

And this, while in April 2021, before the drastic measures taken in China against the mining of bitcoins, this figure was only 8%. The hash rate? It is the computing power used by computers connected to the Bitcoin network in cryptographic jargon. In August 2021, Kazakhstan accounted for 18% of global hashrate. As a result, Kazakhstan very quickly became the world’s second largest bitcoin mining center, after the United States. Faced with this regulatory deluge, cryptocurrency miners have therefore decided to leave to invest in neighboring Kazakhstan. Now, China wants to reduce the country’s mining capacity by 90%. Kazakhstan’s cryptocurrency mining farms have been set up near aging coal-fired power plants Huawei has not issued any official statements regarding these speculations.Until then, China was the leading cryptocurrency producing country, taking advantage of low electricity prices in coal and hydroelectric producing areas. The aforementioned third-party companies would be selling Huawei-developed devices under their own brand. Under this workaround, Huawei would not be able to sell phones under its own brand name.

The move could also help to bring back Google Mobile Services to Huawei’s devices. PTAC’s Xnova unit already sells Huawei’s Nova series phones on its online platform.īy licensing its designs to third-party companies, Huawei will be able to gather components like TSMC chipsets, and 5G modems necessary for its smartphones. is another company speculated to be on Huawei’s radar. Telecom equipment manufacturer TD Tech Ltd. One of the speculated companies is Xnova - a unit of China Postal and Telecommunications Appliances Co. According to a new report from Bloomberg, Huawei is looking into licensing some of its smartphone designs to third-party companies in order to circumvent restrictions imposed by the US trade ban.