According to reports, the demand for Bitcoin mining equipment in Russia tripled from 2023 to 2024. This surge is driven by relaxed regulations, making the mining business more legitimate and attractive. Despite regional bans on mining due to infrastructure limitations, public interest in Bitcoin mining continues to rise.
Further establishing its presence in the crypto world, Russia now generates about 26% of traffic on international crypto exchanges. The government’s growing interest in Bitcoin and cryptocurrencies signifies a pivotal shift in the nation’s approach to cryptocurrencies and the associated mining sector.