PANews reported on January 27 that according to the Russian state news agency TASS, Russia's largest energy supplier Rosseti plans to launch a cryptocurrency mining business, allowing specific power supply centers to cooperate with Bitcoin mining companies. Rosseti said that the company will serve as an "operator coordinating the deployment of crypto mining infrastructure" and focus on "power supply centers with low utilization rates."

Rosseti CEO Andrei Reyumin has written to Russian Prime Minister Mikhail Mishustin, seeking approval to coordinate the deployment of mining centers in various regions. The company claims that crypto mining will not only improve the utilization of idle capacity, but will also increase grid load and tariff revenue, thereby promoting Russian economic development and tax growth.

Rosseti is exploring a variety of tools to incentivize low-load power centers to participate in mining, including adopting special electricity tariffs while leveraging the grid’s load management capabilities to ensure power supply reliability.