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Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources

Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners w...

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Expert Insight: Cryptocurrency Mining Accounts for Nearly 1% of Russia’s Energy Resources
Alexey Zhikharev, director of the Renewable Energy Development Association (REDA), revealed that cryptocurrency mining accounts for almost 1% of Russia’s energy consumption. He stated that as the industry grows, miners will increasingly employ renewable energy sources. Russia’s Cryptocurrency Mining Energy Expenditure Nears 1% of the Nation’s Total The growth in Russia’s cryptocurrency mining industry energy […]

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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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