Russian power grid giant Rosseti ventures into the field of Bitcoin mining

Odaily Planet Daily News: Russia's largest power grid operator Rosseti is exploring cryptocurrency mining business in its underutilized power centers and is committed to becoming the coordinator of national mining infrastructure deployment. This state-owned energy supplier sees cryptocurrency mining as an opportunity to utilize idle capacity in low load power centers, which can increase the company's electricity revenue and taxes, as well as promote economic development. The company has made technical preparations for mining operations and pointed out that its infrastructure is equipped with exchange devices required to manage the load of mining facilities. The company also maintains operational data on available capacity and consumption patterns to ensure reliable regional power supply. Rosseti is currently discussing various aspects of its cryptocurrency mining business development strategy, including the possibility of introducing a separate tariff structure for miners as a demand management tool. (TASS)