Crypto Mining Hardware Sales ‘Triple’ in Russia as Moscow Teases ‘Light Touch’ Regulation

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Crypto mining hardware sales have tripled in Russia year-on-year, one of the nation’s top Bitcoin mining experts has claimed. Speaking to the Russian news outlet Prime , Sergey Bezdelov, the head of the Industrial Mining Association said that “in the fourth quarter of 2024,” the demand for industrial mining equipment and services in Russia “increased threefold compared to the same period in FY2023.” Bezdelov was speaking in the wake of comments from a top lawmaker who said Moscow was ready to “s...