Finance News
By Sydney TheCMO
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Miners Have Three Weeks to Move. Three weeks is what operators have between the announcement and the enforcement.
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BitRiver and Igor Runets: Bad Timing. The ban comes at the worst time for Russia's mining industry because it coincides with a…
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Moscow no longer wants miners. Prime Minister Mikhail Mishustin signed the decree on July 25, and the restrictions take effect on August 15, 2026.
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The reason is simple: the network is under strain. In the Moscow region, electricity consumption related to mining has surpassed one gigawatt. One gigawatt.
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Three weeks is what operators have between the announcement and the enforcement. Moving entire racks of machines to Siberia or elsewhere is not something done over a weekend.
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And there's a detail that makes things worse: even participating in a mining pool will be prohibited.
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Some might choose to leave Russia entirely. Kazakhstan and Belarus are the most cited destinations, two neighboring countries with more competitive energy costs and less…
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Related reading: The crypto mining ban in Moscow threatens 1 gigawatt of operations until 2032
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A billion rubles. That's not insignificant.
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Read also: Moscows Crypto Mining Ban Threatens 1 Gigawatt of Operations Through 2032
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BitRiver was often cited as an example of what Russia's mining industry could achieve seriously.
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The climate is getting complicated. On one side, regional bans are eating into the available territory.
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Russia is also working on deploying its central bank digital currency — the digital ruble. Decree No.
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On the same topic: Tillis and Gallego send an ethical crypto solution to the White House to unlock 60 votes
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For operators remaining in Russia, Siberia becomes the obvious fallback area. Energy costs are lower there, infrastructure exists in some areas, and current restrictions do not…
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