Crypto mining demand surges in Russia with new regulations
The surge follows new laws enacted in November 2024, allowing businesses and entrepreneurs to mine crypto legally upon registering with the national miners’ registry.
Russia’s crypto mining industry is experiencing unprecedented growth, with demand for industrial equipment tripling in the last quarter of 2024 compared to the previous year. The boom follows new laws introduced by President Vladimir Putin, effective November 2024, permitting businesses and entrepreneurs to mine crypto after registering in the national miners’ registry. Individual miners using under 6,000 kWh of energy monthly are exempt from registration, ensuring flexibility for smaller operations.
Experts highlight that these…
