The Rosseti Group, Russia’s largest electric grid company, has announced its interest in developing cryptocurrency mining infrastructure to utilize underused power supply centres.
In a press release shared with TASS, Rosseti highlighted its readiness to act as an operator coordinating the placement of mining operations, aligning with its strategy to optimize power usage and boost economic growth.
Leveraging Spare Capacity for Mining
As a state-owned energy provider, Rosseti sees cryptocurrency mining as a viable solution to address spare capacity in low-load power centres.
The company stated that this initiative could help increase its tariff revenue, facilitate economic development, and contribute to higher tax payments.
“In this regard, the company is also interested in developing mining since this will facilitate the use of free capacity, increase the load of power supply centres, increase the company’s tariff revenue, as well as the development of the economy and the growth of tax payments,” Rosseti stated.
The grid operator emphasized its technical readiness to support mining operations, with infrastructure already equipped with advanced switching equipment for managing the dynamic power loads required by mining facilities.
Rosseti also maintains operational data on available capacity and consumption trends to ensure regional power supply remains stable and reliable.
Exploring Mining Tariffs and Strategic Planning
Rosseti is actively discussing various aspects of its mining strategy. Among the proposals is the introduction of a separate tariff structure specifically designed for cryptocurrency miners as part of a broader demand management strategy.
This approach could incentivize mining companies to utilize power in regions with excess capacity, thereby reducing the strain on more heavily loaded areas.
The company is also evaluating additional tools to stimulate demand in low-load regions, potentially creating a mutually beneficial relationship between the energy and crypto sectors.
Context of Russia’s Crypto Mining Regulations
Rosseti’s interest in crypto mining comes against the backdrop of Russia’s recent regulatory measures. At the end of 2024, the country implemented a cryptocurrency mining ban in 10 regions, citing concerns over rising energy demand.
This ban will remain in place until March 2031. Additionally, a mining ban has been imposed in six Russian-occupied areas of Ukraine.
To address illegal crypto activities, the Russian central bank has begun leveraging artificial intelligence technologies, signalling the country’s mixed approach to cryptocurrency adoption.
Balancing Innovation and Regulation
While restrictions on crypto mining exist in certain regions, Rosseti’s initiative reflects an effort to strike a balance between regulation and innovation.
By repurposing underutilized energy resources, the company aims to capitalize on the growing demand for digital assets while contributing to economic stability.