Rosseti Plans to Boost Bitcoin Mining with Unused Energy

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Altcoinbuzz2025/01/30 01:44

By:By Victor -Victor -

Russia’s largest electricity grid operator, Rosseti has plans to repurpose underutilized energy centers for Bitcoin mining

This move, first reported by state news agency TASS , comes as part of a broader initiative to revitalize Russia’s mining sector.

The company sees an opportunity to make use of energy facilities that aren’t operating at full capacity. This could help increase both tariff revenues and tax contributions.

Rosseti Targets Bitcoin Mining with Underused Energy

Rosseti , the country’s primary electricity grid operator, has the technical know-how and infrastructure to support mining operations. According to the company, it has the equipment needed to manage the energy demands of mining facilities, setting the stage for a smooth integration into the mining world. Rosseti claims it could act as a coordinator for the placement of mining infrastructure across the country.

The push comes amid Russia’s growing interest in the crypto market, spurred on by a new law signed by President Vladimir Putin in August 2024. This law regulates mining activities, limiting large-scale operations to only registered entities and entrepreneurs. With the government now backing digital asset ventures, Russia is eager to carve out a niche in the global mining industry, and Rosseti’s new project could prove pivotal.

NEW: 🇷🇺 Russia’s largest energy supplier Rosseti to launch Bitcoin mining operations in areas with excess electricity, aiming to optimize energy use, increase tax revenue and support the development of BTC mining in Russia. pic.twitter.com/fvmLaAw2mG

— Bitcoin News (@BitcoinNewsCom) January 27, 2025

However, this initiative isn’t without its challenges. The Russian government has imposed an electricity mining ban in several regions starting January 2025, lasting until March 2031, due to ongoing electricity shortages. This restriction could limit the scope of Rosseti’s expansion plans and slow down the overall growth of the sector in certain areas.

More About Bitcoin Mining

A Bitcoin mine in Kenya is being powered by surplus geothermal energy, turning what would otherwise be wasted power into a valuable resource for cryptocurrency mining. By tapping into this excess energy, the mine not only fuels its operations but also helps make energy infrastructure more profitable.

Reporter @KenzieSigalos explores a Bitcoin mine in Kenya powered by excess geothermal energy. By using this surplus power, the mine helps make energy infrastructure more profitable to build and expand, benefiting the surrounding local community. pic.twitter.com/3XPOQXv7Rd

— Documenting ₿itcoin 📄 (@DocumentingBTC) January 12, 2025

This, in turn, supports the growth and expansion of local energy projects, benefiting the surrounding communities by providing more reliable power and creating economic opportunities. It’s a win-win, as the mine contributes to both the global Bitcoin ecosystem and the local economy.

Disclaimer

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