By the end of 2022, the total capacity of Russian cryptocurrency mining farms had surpassed 500 MW. Major considerations identified include lower prices for mining equipment and increased domestic client demand. According to executives, electricity prices and mining taxes may restrict growth. The Russian parliament was presented with a mining regulation law in November, but it has not yet been passed. The government may impose unique power rates and taxes on businesses engaged in coin production.
Russia Expands Its Crypto Mining Capacity, Report Reveals
