Fri. Apr 19th, 2024

Category: Energy

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Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the…

Several Crypto Mining Operations Busted in Russia

Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes…

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase…