Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes.
Authorities in Russia Think New Energy Infrastructure, Generation Capacities in Crypto Mining Regions
Russian Minister of Energy Nikolay Shulginov has recognized the increased demand for electricity from cryptocurrency miners in some parts of Siberia where the industry has been expanding. Additional generating capacities may be necessary to meet their needs, he indicated, quoted by local media and crypto news outlets.
Shulginov did not reveal specific plans but made it clear that Russian authorities in these regions are considering the further development of the energy networks used by mining companies and the construction
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