Rosseti, Russia’s largest energy provider, is embarking on a bold move to integrate cryptocurrency mining into its operations. The company is set to leverage its unused power supply capacity by partnering with mining firms, aiming to develop mining initiatives in areas with low electricity demand.

According to TASS, Rosseti plans to coordinate the placement of crypto mining infrastructure in regions where power demand is currently low. This strategy allows Rosseti to utilize idle resources, which can help the company boost its revenue from electricity tariffs and, in turn, contribute to Russia’s economic growth.

Rosseti’s initiative focuses on optimizing the underutilized electrical infrastructure, ensuring that power supply centers with spare capacity can support crypto mining operations without straining the grid. The company has assured that its infrastructure is equipped to manage the additional load from mining facilities, with sophisticated switching and management equipment in place.

To make this shift more financially viable for miners, Rosseti is considering offering special tariffs, making it more attractive for firms to invest in regions with surplus power. The company’s affiliates are well-equipped to regulate and monitor electricity consumption, ensuring a steady and reliable supply even with the added demand from crypto mining operations.

This shift toward embracing cryptocurrency mining marks a significant change from the historically critical stance Russian authorities have held towards the industry. In the past, mining was often seen as a controversial sector, with concerns about energy consumption and environmental impact. However, by incorporating mining into its energy operations, Rosseti not only seeks to optimize energy use but also hopes to increase tax revenues and provide economic benefits for the country.

Rosseti’s move could set the stage for further development of the crypto mining sector in Russia, paving the way for a more regulated and profitable industry.