Bitcoin Mining Shifts to Russia’s North

Russia Considers Relocating Bitcoin Miners to Northern Regions

• The Russian Ministry of Energy is exploring incentives for Bitcoin miners to move north.
• A mining ban was imposed on ten southern regions, effective until March 15, 2031.
• The ban has reportedly saved over 300 MW of electricity, enough to power a small city.
• Deputy Minister Yevgeny Grabchak suggests using northern power centers for mining.
• Regions considered for expansion include the entire north and parts of the northwest and Volga region.

The Russian government has implemented a mining ban in southern regions, saving over 300 MW. They are now considering relocating miners to northern areas with unused power capacity.