Russia's cryptocurrency mining industry has expanded by 44% in 2025, with the number of active mining farms increasing to 196,900 from 136,600 in 2024. This growth comes amid regional bans and the implementation of AI-driven regulatory measures. The government is moving towards legalizing the sector, which is expected to enhance liquidity and stimulate the crypto markets.
To enforce regulations, authorities are employing advanced technologies such as MTS EnergyTool, which uses AI to monitor energy consumption and detect unauthorized mining activities. Smart meters and internet data are also being utilized to identify illegal operations. Despite these challenges, Irkutsk continues to be a significant hub for crypto mining in Russia. Additionally, the EU's Markets in Crypto-Assets Regulation is contributing to global policy changes affecting the industry.
Russian Crypto Mining Expands 44% Despite Regional Bans
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