Russia Seeks to Monetize Excess Energy for Crypto Mining

As Europe cuts off its energy reliance on Russia, the nation is exploring a novel solution: repurposing surplus natural gas to fuel crypto mining operations. Russian officials propose utilizing this readily available resource in the Far East, aiming to capitalize on the burgeoning cryptocurrency industry. Minister Aleksey Chekunkov highlighted the potential for self-powered mining farms using local gas resources, suggesting investment in power plants to support the activity.