Uzbekistan breaks into Central Asia's Bitcoin mining sector with its inaugural license approval.

First Licensed Crypto Miner

Uzbekistan granted its inaugural cryptocurrency‑mining permit to private firm NexaGrid, located in the southwest Bukhara region. The approval was issued by the National Agency of Perspective Projects, a body reporting directly to President Shavkat Mirziyoyev. Founder Toymurod Sultonov highlighted the transparent process and said the project aims to “build the infrastructure of the future.”

Company Structure and Goals

NexaGrid, registered in Tashkent in April 2025 with a capital of about $50,000, is owned 63% by Sultonov and 37% by partner Makhmudjon Rozimurodov. The firm will operate in Romitan district and plans to power its rigs with its own photovoltaic installations. Sultonov stresses the venture goes beyond Bitcoin, seeking to pioneer Central Asian mining and showcase regional innovation.

Regulatory Framework

Uzbekistan’s NAPP introduced mining regulations in late 2023, requiring dedicated sites that meet safety standards and favor self‑generated solar energy or separate grid metering. Licenses are issued as QR‑coded electronic certificates for five years, after a 15‑day fee‑free review, and demand detailed disclosures of power sources, hardware specs, and wallet addresses. Non‑compliance can lead to suspension, fines, or court‑ordered revocation.