The Uzbek government has officially launched the Besqala Mining Valley, a super-large cryptocurrency mining special zone, in the Karakalpakstan region. According to Cointelegraph, mining companies entering this zone under a presidential decree will receive exceptional 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 allowed, and a path has been opened for direct overseas sales of mined coins. Uzbekistan announced that through this initiative, it aims to attract over $1 billion in foreign investment by 2030 and build an innovative green mining model, such as utilizing waste heat from mining equipment for agriculture.
