Russian Power Operator Turns To BTC Mining To Utilize Excess Capacity

1/31/2025 2:05:34 PM

(MENAFN- Investor Brand Network) Russia's largest electric grid operator, Rosseti Group, is exploring bitcoin mining to make use of its extra power supply. The company wants to connect Cryptocurrency mining facilities to its underused power centers, reducing wasted energy while boosting revenue and local economies. Rosseti operates Russia's vast power grid, and in some areas, its power supply centers are not fully used. Instead of letting this extra electricity go to waste, the company sees Bitcoin mining as a way to make better use of it.

Bitcoin mining requires a lot of electricity. By hosting mining operations, Rosseti can increase electricity sales and bring more money into the system. It also hopes to help local economies by creating jobs and generating tax revenue. The company is considering a special electricity price plan for miners to regulate...

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