Russia’s largest power grid operator Rossetti supports Bitcoin mining

Rossetti, Russia’s largest state-backed power grid operator, plans to support Bitcoin mining by tapping into some of its underloaded power cores.

According to the Russian news agency TASS, Rossetti Views The initiative is an opportunity to maximize unused energy capacity while increasing additional revenue streams. The translated statement mentioned in the report stated the following:

“Rosetti Group is the largest network company in Russia and can act as an operator coordinating the placement of mining infrastructure.”

The state-backed energy provider said it is equipped with advanced infrastructure capable of monitoring and managing electricity consumption from mining operations.

Rossetti will focus on connecting electricity consumers, especially Bitcoin miners, to power centers with low load potential. This approach is expected to enhance the utilization of idle capacity, increase tariff revenues, and support the development of the regional economy through tax contributions.

In addition, the company is considering introducing specialized tariffs to effectively manage demand and stimulate the growth of mining operations.

Bitcoin mining boomed in Russia after President Vladimir Putin introduced legislative changes that allowed companies and individual entrepreneurs to engage in cryptocurrency mining once they were officially registered in the National Register of Miners. There is another draft law, which took effect in late November. exempt Mining operations exempt from VAT.

Ditto I mentioned By crypto.news Supportive regulations have spurred an uptick in demand for mining equipment, which has tripled in the fourth quarter of 2024.

However, concerns have also been raised about the pressure that Bitcoin miners are putting on local electricity grids. In November the Kremlin to caution Russia may face an energy crisis if the sector continues without supervision.

In response, the nation rose Restrictions provided Which bans cryptocurrency mining in certain energy-stressed regions such as Dagestan, Chechnya and Ingushetia, as well as specific locations in Irkutsk, Buryatia and Zabaykalsky Krai, especially during peak periods of high demand.