Russia’s Rosseti sets its sights on Bitcoin mining

-

Russia’s largest power grid operator, Rosseti is diving headfirst into the world of Bitcoin mining.

The company is looking to utilize its underused power centers and wants to become the go-to coordinator for mining infrastructure across the country.

Bitcoin mining development

Rosseti sees this as a golden opportunity to make use of spare energy capacity at low-load power stations.

This move could not only boost their revenue from electricity tariffs but also contribute to local economic growth, and the company has confirmed it’s indeed technically ready for the mining game.

Their infrastructure is equipped with the necessary gear to manage the energy demands of mining operations.

Plus, they have all the data on power consumption patterns to ensure that regional electricity supplies remain stable.

Challenges in operation, and legislation

Rosseti is currently brainstorming its mining strategy, including the possibility of introducing special tariffs for miners. This could help manage demand and optimize energy use.

Last August, President Vladimir Putin signed a law that regulates crypto mining in Russia as part of their digital asset management strategy, and under this law, only registered companies and individual entrepreneurs can participate in large-scale mining operations.

On the other hand, due to power shortages, the government has imposed a ban on crypto mining in several regions starting January 1, 2025, which will last until March 15, 2031.

A new digital gold rush?

Russia is trying to balance its energy needs with the growing demand for cryptocurrency mining, so Rosetti’s ambition is fit into the picture.

The company believes that by converting underutilized power centers into profitable assets through Bitcoin mining, it can help stimulate local economies and increase tax revenues, and it’s also clear that they’re looking to play a significant role in shaping Russia’s crypto industry.

Have you read it yet? Ethereum’s new path: Etherealize will attract institutional investors?


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Hackers run wild with $1.63 billion loot so far in 2025

The first quarter of 2025 was quite fruitful for the bad actors in the industry. Hackers ran amok, swiping $1.63 billion in cryptocurrencies. Over a...

Will history repeat itself with a Q2 Bitcoin revival?

Bitcoin's been on a wild ride lately, and it's anyone's guess what's next. As it tries to reclaim the $84,000 level, some analysts are drawing...

No crypto for Brazil pension funds

Brazil just dropped a bombshell on the crypto industry. The National Monetary Council, the CMN has officially barred closed pension funds from investing in Bitcoin...

Tether and the $735 million power play

Tether just made a move that's gonna shake the crypto world. They dropped a cool $735 million on Bitcoin, buying 8,888 BTC and catapulting themselves...

Most Popular

Guest posts