Russian officials have proposed building a dedicated power plant for cryptocurrency mining to combat runaway energy use

On February 18, Aisen Nikolaev, the chairperson of the Energy Committee of the Russian State Council, proposed plans to establish a dedicated power station for cryptocurrency mining activities. The power station will specifically serve the community of cryptocurrency miners and will not be connected to the public power grid.
Nikolaev said that the Energy Committee of the State Council is in communication with the Ministry of Energy on the issue of cryptocurrency mining. He believes that innovative solutions will emerge in the near future, enabling Moscow to develop cryptocurrency mining operations while protecting the interests of the people. It is reported that the current mining electricity consumption in some parts of Russia has become "out of control", resulting in capacity shortages and affecting the quality of power supply for residents and enterprises.