Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025
Main Idea
Illegal Bitcoin miners in Russia's Ingushetia region stole $4.3 million worth of electricity, prompting authorities to take action, including shutting down mining farms and seizing equipment.
Key Points
1. Illegal miners in Ingushetia stole 35.4 million kWh of electricity, valued at over $4.3 million.
2. Electricity provider Rosseti shut down four mining farms and seized 450 mining rigs.
3. The region's electricity consumption in the same period was 37.5 million kWh, highlighting the scale of theft.
4. Unregistered industrial miners may face criminal penalties under new proposals.
5. Around 90% of industrial crypto miners in Russia focus on Bitcoin (BTC).
Description
Illegal miners in the Russian Bitcoin mining hotspot of Ingushetia stole some $4.3 million worth of electricity in the first half of 2025, the state-controlled power firm Rosseti claims. Per an official Rosseti North Caucasus press release , illegal miners accounted for over 94% of all the electrical power stolen in the republic in the first half of the year Illegal Miners in Russian BTC Hotspot ‘Stole 35.4M kWh’ The firm said that the total volume of unaccounted consumption in the republic in t...
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