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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • AI
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    ETH Daddy Discusses Ethereum and AI

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    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    How It Works and What to Watch Out For

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    Crypto Risk Management Strategies for Trading (2025)

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

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    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

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    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

    Hype fades as NFT platforms lose users

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    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

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    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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    ChatGPT vs X: Who Sees Crypto Narratives First?

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    Why AAA Game Studios Will Eventually Embrace NFTs

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    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

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    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

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    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    Crypto Risk Management Strategies for Trading (2025)

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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Home Mining

Russia Could Relocate Bitcoin Miners To Northern Regions: Report

May 22, 2025
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Russia Could Relocate Bitcoin Miners To Northern Regions: Report
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The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country.

READ ALSO

Bit Mining Shifts Strategy, Enters Solana Ecosystem With $300M Plan

Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson.

The ban is set to remain in place until March 15, 2031, and the government is exploring plans to expand the restrictions to new regions.

Russia—with its relatively cold weather and cheap energy supplies—was historically one of the world’s top Bitcoin mining hubs. But it has increasingly suffered energy shortages since the outbreak of the Ukraine war, causing local blackouts and prompting the government to try and regulate the industry to ease the pressure.

Russia’s Deputy Minister of Energy, Yevgeny Grabchak, suggested in an interview with state news outlet TASS that Bitcoin miners could repurpose the “common capacity” of unused power grid centers in northern Russia that were previously used for oil production.

“The resources of the fields have been depleted, but the power centers have been preserved and can be used by miners on a long-term basis if they benefit the economy and the energy system of the region,” he said.

Regions highlighted for expansion include “the entire north, part of the northwest, and some parts of the Volga region.”

See also  Chinese Telecom Giant Coolpad to Drop $13.5M on Bitcoin Mining Rigs

The minister did not outline firm plans in terms of the next steps, only that the agency was in discussions with miners about relocation.

Is Russia’s mining ban working?

The initiative to ban mining in southern regions has had some success so far in terms of lowering stress on the electricity grid. The government claims that the ban has saved more than 300 MW so far—enough to power a small city.

That is not to say that these Bitcoin mining restrictions have proved especially popular in Russia. Some analysts have said moves to ban mining may cause missed opportunities for economic development and investment in poor regions.

Other Russians have highlighted that the mining ban has been misrepresented in Western media. Denis Rusinovich, a partner at the Cryptocurrency Mining Group, claimed that many large corporate miners are, in practice, still allowed to operate in these regions. He told The Mining Pod the ban is only being enforced in the case of smaller unregulated miners or private individuals.

Tags: BitcoinMinersNorthernRegionsRelocateReportRussia

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