Russia’s Rosseti eyes Bitcoin mining to harness surplus energy and boost local growth
Ad Rosseti is evaluating Bitcoin mining to enhance energy utilization in regions with surplus capacity. The company plans to establish mining infrastructure in areas with low energy demand, aiming to improve energy efficiency and generate tax revenue. Advanced grid systems will allow for real-time monitoring and optimization of mining operations. A unique tariff structure for miners is also being considered to manage demand effectively. This initiative reflects Bitcoin mining's potential to stabilize energy grids and utilize surplus power, aligning with Russia's broader efforts to integrate crypto into the economy. A new regulatory framework classifies digital assets as taxable property, with mining income subject to a 15% tax rate. Demand for industrial mining equipment in Russia surged threefold in 2024. However, restrictions on Bitcoin mining exist in ten energy-constrained regions, with seasonal bans effective until 2031 to prevent grid overload during peak demand periods.
