Catenaa, Wednesday, January 29, 2025 – Rosseti, Russia’s largest energy provider, announced plans to launch cryptocurrency mining operations, aiming to repurpose underutilized power supply centers to support Bitcoin mining. The move marks a significant shift for the state-owned firm, which previously targeted illegal mining activities.
According to TASS, Rosseti seeks government approval to coordinate crypto mining infrastructure across Russian regions. Andrei Ryumin, head of Rosseti, reportedly urged Prime Minister Mikhail Mishustin to endorse the initiative, citing benefits such as increased power grid utilization, higher tariff revenues, and economic growth.
Rosseti intends to leverage spare capacity at low-load power centers to host mining facilities. The company proposes incentivizing these centers through specialized tariffs and operational tools to manage electricity consumption effectively while maintaining supply reliability.
A spokesperson stated Rosseti’s grid infrastructure is equipped with tools to handle the increased load from mining activities. This aligns with broader efforts by Russian energy firms to integrate cryptocurrency mining, including Gazprom’s 5,000-rig Bitcoin mining center in Velikiy Novgorod.
The initiative, if approved, could boost Russia’s economy by tapping into idle energy resources and increasing tax revenues while positioning Rosseti as a key player in the global cryptocurrency ecosystem.
