Putin takes over Kazakhstan......and all the Crypto mining.
This is what happens when you have too much weighting in countries that are unstable. Kazakhstan way have cheap power but the unstable Geo-Political evniroment should have been a warning sign for miners.
and NO, China is poor substitute as is every unstable country.
BTC could hit $25k before rebounding. ETH maybe $2,000.00 before a bounce.
Equity holders are going to continue the blood bath just like (WEED) stocks unless they stabalize the universal mining enviroment.
If you are in the black or at a minor loss, get out.
JMHO