A recent report anticipates a significant growth in the Russian crypto mining sector between 20-40% come 2024. The expected growth is due to various factors, such as Russia’s abundant and relatively cheap energy, technology developments, and favorable government regulations surrounding cryptocurrency.
The country’s climate also is a beneficial factor, as cool temperatures are ideal for mining equipment that generates a lot of heat. Moreover, the local government’s increasingly positive stance on the sector and the development of within-country mining farms