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Siberian power firm aims to prosecute 400 ‘illegal’ crypto miners

Irkutsk Energosbyt plans to take legal action against about 400 alleged illegal crypto miners. They claim these individuals have misappropriated over 6.3 million USD worth of electricity from the power grid, contributing to rising concerns over energy consumption.

Defendants often deny these allegations, citing various reasons for their significant energy usage. Some claimed excessive use of heating equipment, while others provided creative excuses in court to justify high electricity bills.

The Irkutsk region’s low electricity prices attract miners, yet lawmakers struggle to impose stricter regulations. A proposed bill could limit crypto miners’ access to subsidized electricity, addressing ongoing challenges in managing energy consumption for mining.

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