Russian Power Company Reports $14 Million Loss Due to Illegal Crypto Mining
Russian power company Rosseti suffered over $14 million in losses in 2024 due to illegal crypto-mining operations, which have led to network congestion, equipment damage, and criminal investigations. Unauthorized Crypto...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Iris Energy reports Q4 revenue of $137M, misses estimates as Bitcoin mining gives way to AI
IREN's shift from Bitcoin mining to AI highlights the tech sector's evolving focus, but financial stability hinges on AI revenue g...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...
A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin. The Nasdaq-...
A $1.1 million crypto card hack crashed a neobank's token 49%
The exploit caused the neobank's AVICI token to drop 49% from a 24-hour high, hitting a record low before paring some of the losse...
Capital B’s €21 million Bitcoin raise comes with heavy warrant dilution risk
Bitcoin treasury company Capital B plans to raise €21 million and use the proceeds, along with operating funds, to buy another 270...
US Bitcoin Mining Grip Slips From Q1 to Q3 as Rival Nations Gain
From the start of the year and 57 days into the third quarter, the United States has seen its share of Bitcoin’s hashrate slide ne...