According to the Russian Industrial Mining Association, the total crypto mining capacity in <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a> has reached 2.5 gigawatts. This indicates the rapid development of the cryptocurrency industry in the country and its potential to become a global leader in this field. The growth is attributed to increased investments in infrastructure, attraction of foreign clients, and favorable conditions for mining, such as low <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> costs and cold climate. Experts predict further capacity increases, considering the plans of major companies, including Gazprom and <a href="https://ultramining.com/news/rossiya-sravnyalas-s-ssha-po-tempam-rosta-majninga-kriptovalyut/" rel="noopener noreferrer nofollow">BitRiver</a>, to expand their mining centers.

Russia’s Crypto Mining Capacity Reaches 2.5 Gigawatts

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