Summary
- Russia's state-owned power company Rosseti announced that it is pursuing a Bitcoin mining business.
- Rosseti revealed that it is considering leasing power facilities to mining companies and applying separate pricing plans.
- Russia has imposed a cryptocurrency mining ban in some regions to cope with the surge in energy demand.
Russia's state-owned power company, Rosseti, is pursuing a Bitcoin (BTC) mining business.
According to industry sources on the 27th, Rosseti has recently begun reviewing plans to utilize underutilized power facilities for Bitcoin mining. It is known that Rosseti is discussing strategies related to the mining business from various angles. Rosseti is also considering leasing power facilities to Bitcoin mining companies and applying separate pricing plans.
Meanwhile, Russia imposed a 'cryptocurrency mining ban' in 10 regions of the country at the end of last year. This measure is in response to the surge in energy demand. The ban is in effect from this month until March 2031. Russia has also imposed a cryptocurrency mining ban in six occupied areas of Ukraine.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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