Rosseti to Launch Crypto Mining Operations in Russia
Rosseti, Russia’s largest energy provider, is preparing to enter the crypto mining sector by utilizing idle power capacity at its underused power plants.
| Key Takeaways: – Russia’s largest energy provider, Rosseti, plans to utilize underused power plants for crypto mining operations. – The company’s grid infrastructure is equipped to handle the power demands of mining operations, with the potential to offer special tariffs to attract miners. |
The company plans to collaborate with mining firms to deploy crypto mining infrastructure in regions with low electricity demand, maximizing underutilized energy resources.
As reported by TASS, Rosseti intends to act as a coordinator for these initiatives, leveraging spare capacity at power supply centers to support mining operations.
The company is technically ready for this expansion, with its infrastructure already equipped to handle the power demands of mining operations. Rosseti has emphasized that its electrical grid is fully equipped with switching and other essential equipment to manage the additional load from these activities.
Rosseti is also exploring the possibility of offering special tariffs for mining firms to make the operations more financially attractive. The company has indicated that its affiliates have the necessary tools to ensure a stable power supply even with the increased demand from crypto miners.
The initiative aligns with Russia’s broader digital asset strategy, which was endorsed by President Vladimir Putin last August. Under the new regulations, only licensed entities will be allowed to operate large-scale cryptocurrency mining operations, providing a regulated framework for this emerging industry.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
