Over 100 Illegal Mining Farms Found in the North Caucasus Since the Beginning of the Year
Since the beginning of 2025, over 100 illegal cryptocurrency mining farms have been discovered in Russia's North Caucasus Federal District, according to "Rosseti Severny Kavkaz." The total financial damage from their operations is estimated at over 656 million rubles.
Although cryptocurrency mining is officially banned in the region until Spring 2031, many illegal miners continue to operate by stealing electricity, either bypassing meters or connecting directly to the grid without contracts.
The breakdown of discovered farms by region is as follows: 79 in Dagestan (causing 89.5 million rubles in damage), 14 in Ingushetia (455.5 million rubles), 5 in Karachay-Cherkessia (104.1 million rubles), 2 in Stavropol Krai (1 million rubles), 2 in North Ossetia (390,000 rubles), and 1 in Kabardino-Balkaria (5.8 million rubles). Dagestan leads in the number of cases, which the energy company attributes to individuals attempting to generate profit without using their own funds for electricity.
In response to the widespread issue, Russian Deputy Prime Minister Alexander Novak announced on December 8th that the government plans to establish both administrative and criminal liability for violations related to cryptocurrency mining.
RBK-crypto12/11 16:14
