Russia’s Deputy Prime Minister Yuri Trutnev advocates converting surplus energy to power Bitcoin mining. This strategy aims to mitigate energy waste while fostering local investment projects. Energy giants Rosseti and Gazprom are also looking to enter the crypto mining space.

Recent legislation has shifted the landscape for crypto mining in Russia, recognizing it as entrepreneurship. Miners can operate under a cap of 6,000 kWh usage monthly, leading to increased investment in mining equipment, particularly in Ethereum.