According to Rosseti, the North Caucasus remains the main center of illegal cryptocurrency mining in Russia. Rosseti CEO Andrey Ryumin emphasized that illegal mining is virtually nonexistent in other regions and has no significant impact on the power grid.
According to Rosseti, the North Caucasus remains the main center of illegal cryptocurrency mining in Russia. Rosseti CEO Andrey Ryumin emphasized that illegal mining is virtually nonexistent in other regions and has no significant impact on the power grid.
He clarified that the North Caucasus is where the most serious electricity thefts related to this activity are occurring. Between January and September 2025, energy companies recorded 94 cases of illegal electricity consumption by miners in the North Caucasus, with the total damage estimated at 622 million rubles.
In January, Yury Chaika, the Presidential Plenipotentiary Envoy to the North Caucasus Federal District, stated that illegal mining activities "accounted for one-fifth of the total damage from electricity theft in the region," and that the problem has not yet been resolved.