Russia’s Largest Power Grid Operator Eyes Crypto Mining to Boost Revenue

Russia’s largest power grid operator, Rosseti, is exploring ways to tap into the cryptocurrency mining sector by leveraging its underutilized energy resources.

The company aims to use surplus power capacity from low-load centers to support mining operations, a move that could increase its revenue and contribute to local economic growth.

With its vast infrastructure and technical expertise, Rosseti is positioning itself as a potential central organizer for mining facilities in Russia.

The operator has indicated that its energy grid is already equipped to handle the intensive demands of mining, using advanced systems to ensure reliable distribution and maintain stability across regions.

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Part of the strategy under discussion includes introducing specialized tariffs for cryptocurrency miners, enabling better management of energy demand. This aligns with the broader framework set by Russia’s recent crypto mining regulations, which limit large-scale operations to registered entities and entrepreneurs.

However, challenges remain. To address power shortages, Russia has announced restrictions on mining in specific areas, set to take effect in 2025 and lasting until 2031. Despite this, Rosseti’s initiative signals a bold attempt to integrate cryptocurrency mining into the country’s energy ecosystem while seeking economic and technological benefits from the growing industry.

Alexander Stefanov