Illegal miners in the Russian Bitcoin mining hotspot of Ingushetia stole some $4.3 million worth of electricity in the first half of 2025, the state-controlled power firm Rosseti claims. Per an official Rosseti North Caucasus press release, illegal miners accounted for over 94% of all the electrical power stolen in the republic in the first…
A senior Moscow lawmaker says the number of Russian crypto mining firms signed up to the Federal Tax Service’s register has risen tenfold in the past six months. The Russian media outlet RBC reported that MPs claim that more than 1,000 firms are now “legally” mining coins. And this has led one political leader to…
A leading Russian policymaker says authorities should be given the power to seize coins from illegal or quasi-legal Bitcoin miners. The Russian state-run news outlet TASS reported that the comments came from Yevgeny Masharov, a member of the commission of the Public Chamber of the Russian Federation for the Public Examination of Draft Laws and…