Illegal Crypto Mining Causes $14M in Losses for Russian Power Company—Report
According to a report uploaded on February 18, last year, Russia’s Rosseti Group, a major player in the nation’s electricity sector, reported damages of over 1.3 billion rubles (approximately $14.2 million) caused by “unauthorized” cryptocurrency mining operations. These “black” mining farms tapped directly into Rosseti’s power network without authorization, severely impacting the company’s resources and … Read more
