Russia’s largest power grid operator Rosseti to support Bitcoin mining

Rosseti, the largest state-backed power grid operator in Russia, plans to support Bitcoin mining using some of its underloaded power centers.

According to the official Russian news agency TASS, Rosseti views the initiative as an opportunity to maximize unused energy capacity while generating additional revenue streams. A translated statement cited in the report states:

“The Rosseti Group is the largest network company in Russia and can act as an operator coordinating the placement of mining infrastructure.”

The state-backed energy provider said it was equipped with advanced infrastructure capable of monitoring and managing electricity consumption of mining operations.

Rosseti will focus on connecting electricity consumers, particularly Bitcoin miners, to power centers with low load prospects. This approach is expected to improve the utilization of spare capacity, increase tariff revenues and support the development of the regional economy through tax contributions.

Additionally, the company plans to introduce specialized tariffs to effectively manage demand and further encourage the growth of mining operations.

Bitcoin mining has boomed in Russia after President Vladimir Putin introduced legislative changes allowing companies and individual entrepreneurs to engage in cryptocurrency mining once they have been officially registered in the registry National Minors. Another bill, which came into force at the end of November, exempt mining operations from value added tax.

As before reported According to crypto.news, favorable regulations have led to an increase in demand for mining equipment, which tripled in the fourth quarter of 2024.

However, concerns about the strain Bitcoin miners are putting on local power grids have also been raised. In November, the Kremlin warned that Russia could face an energy crisis if the sector is left unchecked.

In response, the nation introduces restrictions which prohibit cryptocurrency mining in certain low-energy regions such as Dagestan, Chechnya and Ingushetia, as well as in specific locations in Irkutsk, Buryatia and the Zabaykalsky Krai, especially during high demand peak.