Russian crypto miners eye renewables to evade fossil fuel bans
1st January 2025 – (Moscow) On 30th December, Alexey Zhikharev, Director of the Russian Renewable Energy Development Association, revealed that Russian crypto miners are likely to transition from fossil fuels to renewable energy to circumvent regional bans that take effect from 1st January.
Zhikharev stated that the push for climate neutrality in crypto mining is expected to intensify as the sector becomes increasingly integrated into the broader Russian economy. He noted, “As more industrial companies adopt sustainable development strategies and aim for decarbonisation, energy-intensive mining operations will inevitably follow suit. Failing to do so would result in higher emissions for every…
