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Electricite du Laos (EDL) won’t provide electricity to cryptocurrency mining in the country anymore, according to local reports.Electricite du Laos (EDL) has declared that it will stop providing electricity to cryptocurrency mining in Laos, as reported by local media.The announcement came on August 24, with EDL explaining that Laos had a dry spell in the first half of 2023, <a href="https://cryptosheadlines.com/ripple-leads-as-sec-struggles-with-howey-test/" rel="noopener noreferrer nofollow">leading to increased electricity demand due to extreme heat while hydropower plants struggled</a> to produce enough power.EDL, which generates 95% of the country’s electricity through hydropower, aims to provide electricity locally and export large amounts to the Electricity Generating Authority of Thailand (EGAT) to support Thailand’s power grid in the upcoming dry season of 2024. If the drought worsens, Laos’ hydropower plants might produce less electricity, reducing their export capability.<a href="https://cryptosheadlines.com/laos-halts-power-to-crypto-mining-businesses/" rel="noopener noreferrer nofollow"> Read More...</a>

Laos Halts Power to Crypto Mining Businesses

CryptosHeadlines.com

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