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2026-04-17
06:57

Russia may encourage Bitcoin mining companies to move to the north, alleviating the side effects of the mining ban.

Gate News bot message, the Russian Ministry of Energy is considering providing incentives for the currently heavily regulated Bitcoin mining industry to encourage its relocation to Northern Russia. Yevgeny Grabchak, Deputy Minister of Energy of Russia, suggested in an interview with TASS that Bitcoin mining companies could repurpose the "public capacity" of previously idle power grid centers used for oil production in Northern Russia.
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