Over 100 Illegal Mining Farms Found in the North Caucasus Since the Beginning of the Year

RBK-cryptoОпубликовано 2025-12-11Обновлено 2025-12-11

Введение

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.

More than 100 illegal mining farms have been identified since the beginning of 2025 in the North Caucasus Federal District, according to the company "Rosseti Severny Kavkaz" (Russian Grids of the North Caucasus) as cited by TASS. The total amount of damage exceeded 656 million rubles.

Cryptocurrency mining is prohibited in the republics of the North Caucasus until the spring of 2031. However, many illegal miners remain in the regions, stealing electricity by bypassing meters or connecting to the grid directly without contracts.

5 underground farms were discovered in Karachay-Cherkessia (damage of 104.1 million rubles), two in the Stavropol Territory (1 million rubles) and North Ossetia (390 thousand rubles), and one more in Kabardino-Balkaria (5.8 million rubles).

The most significant damage to energy companies was caused by 14 farms in Ingushetia — 455.5 million rubles. The largest number of illegal miners was identified in Dagestan. There, 79 farms were found, which caused damage amounting to 89.5 million rubles.

"Dagestan still leads in the number of illegal mining cases. This is related to attempts by certain citizens to profit without using their own funds," the energy company reported.

On December 8, at a meeting of the Council for Strategic Development and National Projects, Deputy Prime Minister Alexander Novak stated that the government plans to establish both administrative and criminal liability for violations related to cryptocurrency mining. Lawyers told "RBC-Crypto" where the line between administrative and criminal offenses in the field of mining might be drawn.

In Belarus, reasons for blocking crypto exchange websites have been named. What is known.

Bitcoin mining difficulty has fallen for the third time in a row. What this indicates.

The Central Bank has proposed limiting ordinary Russians' right to purchase cryptocurrency.

Связанные с этим вопросы

QHow many illegal mining farms were discovered in the North Caucasus since the beginning of 2025?

AMore than 100 illegal mining farms were discovered.

QWhat is the total amount of financial damage caused by these illegal mining operations?

AThe total financial damage amounted to more than 656 million rubles.

QUntil when is cryptocurrency mining banned in the republics of the North Caucasus?

ACryptocurrency mining is banned until the spring of 2031.

QWhich Russian region suffered the most financial damage from these illegal mining farms?

AIngushetia suffered the most financial damage, with 14 farms causing 455.5 million rubles in damage.

QWhat did the Russian government plan to establish regarding cryptocurrency mining violations, as stated by Deputy Prime Minister Alexander Novak?

AThe government plans to establish both administrative and criminal liability for violations related to cryptocurrency mining.

Похожее

ByteDance Adopts Arm CPUs, Jensen Huang: So Sad I Didn't Buy Arm

**Summary:** At Computex 2026, Arm CEO Rene Haas announced that ByteDance and Oracle have adopted Arm's self-designed Arm AGI data center CPU. The company expects significant revenue growth from this product, projecting $20 billion in demand for the 2027/2028 fiscal years. Haas noted that restricting AI-capable CPUs from the US to China is nearly impossible due to their widespread applications. Arm's stock has surged dramatically this year, notably rising 16% after NVIDIA's Arm-based Vera CPU and RTX Spark announcements. A highlight was the informal, humorous on-stage conversation between Haas and NVIDIA CEO Jensen Huang. Huang joked about NVIDIA's failed attempt to acquire Arm and playfully lamented selling his Arm shares. Both executives showed a clear sense of camaraderie and shared regret over the missed merger. Key technical topics were discussed: 1. **AI PC Design:** Huang explained NVIDIA's RTX Spark superchip (with a 20-core Arm CPU) is designed for future AI agents that will autonomously run and use tools on PCs, blending local and cloud processing. 2. **Agent vs. OS:** Huang emphasized the operating system remains crucial, as AI agents rely on its APIs and tools to function. 3. **Growth Constraints:** He identified the shift to "useful AI" that generates profitable tokens as a primary driver for immense, almost limitless, computational demand. Haas outlined Arm's strategy across PC and data centers. For PCs, Arm collaborates with partners like NVIDIA and MediaTek, offering its compute subsystem (CSS) for custom SoCs. In data centers, its Arm AGI CPU (built on TSMC's 3nm process) has gained major partners including OpenAI, Meta, and now ByteDance and Oracle. Arm presented a multi-year roadmap for its in-house CPU line. The article concludes that while GPUs dominated the AI training race, the explosion of AI agents is shifting significant focus to CPUs for inference, state management, and tool orchestration. The industry is trending towards vertical integration, with companies like cloud providers designing chips and chip/IP firms offering full solutions, all competing to deliver more efficient computing per watt.

marsbit16 мин. назад

ByteDance Adopts Arm CPUs, Jensen Huang: So Sad I Didn't Buy Arm

marsbit16 мин. назад

New Wall Street Play: Yen Shorts Still Adding, But Japan Stocks Don't Rely on Carry Trade Unwinding

On June 3rd, USD/JPY hit 160.44, its highest level since July 2024, while the Nikkei 225 surged past 68,000 points. Contrary to popular narratives of an imminent "carry trade unwind" akin to August 2024, data reveals a more complex picture. Speculative net short positions in yen futures have actually increased, reaching -114,667 contracts by late May, suggesting traders are doubling down rather than retreating. Meanwhile, Japan's Finance Ministry conducted its largest-ever single-round FX intervention (11.73 trillion yen) in April-May but failed to hold the 160 yen line. The Nikkei's rally is not driven by carry trade dynamics. Foreign investors are aggressively buying Japanese stocks, with net purchases in 2026 running nearly 16 times higher than 2025 levels. This inflow is concentrated in AI and semiconductor-related stocks like SoftBank and Socionext, fueled by positive sector outlooks, rather than being a flight from unwinding yen shorts. Furthermore, the Nikkei has continued climbing despite the Bank of Japan's (BOJ) rate hikes to 0.75%. This disconnect exists because the current equity boom is fueled by AI-driven foreign investment, not reliant on cheap yen funding. However, this relationship remains fragile. Should the BOJ hike rates further (e.g., to 1.0%) while dollar weakness increases carry trade costs, the trajectories of the yen and Japanese stocks could reconverge, potentially triggering volatility.

marsbit21 мин. назад

New Wall Street Play: Yen Shorts Still Adding, But Japan Stocks Don't Rely on Carry Trade Unwinding

marsbit21 мин. назад

Broadcom's Q3 Guidance Misses Expectations by $12 Billion, After-Hours Trading Plummets Over 13%, AI Narrative "Cooling"?

On June 3, Broadcom released record Q2 FY26 results with revenue of $22.19B, up 48% YoY, and AI chip sales of $10.8B, up 143%. Adjusted EPS of $2.44 beat estimates. However, its Q3 AI semiconductor revenue guidance of $16B, while up over 200% YoY, fell roughly $1.2B (7%) short of analyst consensus expectations of $17.2B. This miss, coupled with slightly weaker-than-expected software revenue, triggered a severe market reaction. CEO Hock Tan maintained the FY26 AI revenue outlook of over $100B but did not raise it, disappointing investors who had priced in more robust growth. The stock plummeted over 13% in after-hours trading, erasing roughly $270B in market cap. The sell-off extended to peers like Marvell. A key concern for markets, particularly for Chinese optical module suppliers, was Tan's comment that the contribution of AI networking (e.g., Ethernet switches, optical interconnect chips) to AI revenue, currently near 40%, is expected to normalize to around 30% over time, signaling a potential peak in growth for that segment. Despite the guidance shortfall, Tan reiterated that AI demand remains "insatiable" and reaffirmed the long-term target of exceeding $100B in AI revenue by FY27. The reaction highlights the heightened sensitivity and premium valuation placed on AI-exposed stocks, where anything less than stellar guidance can prompt significant profit-taking. The broader question is whether this represents a cooling AI narrative or a correction in overstretched valuations.

marsbit21 мин. назад

Broadcom's Q3 Guidance Misses Expectations by $12 Billion, After-Hours Trading Plummets Over 13%, AI Narrative "Cooling"?

marsbit21 мин. назад

Торговля

Спот
Фьючерсы
活动图片