Rosseti, Russia’s state-owned electricity giant, intends to convert surplus energy into profit by utilizing idle power for Bitcoin mining, effectively repurposing excess electricity for the country’s grid.
Rosseti aims to connect Bitcoin miners to underused power centers, optimizing capacity, boosting tariff revenue, and supporting regional economic growth through taxes.
Rosseti, Russia’s largest grid company, is exploring the development of cryptocurrency mining infrastructure at power supply centers with low utilization prospects. The company aims to play a central role in coordinating and placing mining infrastructure across the country. This initiative follows a move by Russia’s president, Vladimir Putin, who officially legalized cryptocurrency mining in 2024. The legal framework regulates the crypto sector and clarifies the obligations of those involved, setting the stage for a more structured and profitable industry.
Rosseti has expressed its interest in the development o
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