The Uzbek government has officially launched the Beskala Mining Valley, a super-large cryptocurrency mining special zone, in the Karakalpakstan region. According to Cointelegraph, mining companies establishing themselves in this area under a presidential decree will receive unprecedented benefits, including exemption from corporate tax and all mandatory payments for the next 10 years. The use of the national power grid, which was previously prohibited, is now permitted, and a path has been opened for direct overseas sale of mined coins. Uzbekistan announced that it aims to attract over $1 billion in foreign investment by 2030 through this initiative and build an innovative green mining model, such as utilizing waste heat from mining equipment for agriculture.
