Power company hid illegal crypto mine that may have caused outages

Russia is set to crack down on illegal cryptocurrency mining, with a Siberian power provider recently fined over 330,000 rubles for leasing state land designated for public utilities to illegal miners. This move comes amid growing concerns about the impact of crypto mining in the region, particularly its contribution to power outages and grid instability during the winter months. The popularity of crypto mining in Siberia, driven by low costs and favorable temperatures, has raised significant regulatory concerns as authorities take action against unlawful operations. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Ars Technica