Russia's largest energy supplier Rosseti plans to launch cryptocurrency mining business

ChainCatcher news, according to TASS, Russia's largest energy supplier Rosseti plans to launch a cryptocurrency mining business, allowing specific power supply centers to collaborate with Bitcoin mining companies.

Rosseti stated that the company will act as "the operator coordinating the deployment of crypto mining infrastructure," focusing on "low-utilization power supply centers." Cryptocurrency mining can not only improve the utilization of idle capacity but also increase grid load and tariff revenue, thereby promoting the development of the Russian economy and tax growth. Rosseti is exploring various tools to incentivize low-load power centers to participate in mining, including adopting special electricity pricing policies while leveraging the grid's load management capabilities to ensure the reliability of power supply.