Russia sees decline in registered crypto miners
- —FNS added 365 miners to the registry and removed 375 over nine months of 2026
- —Individual entrepreneurs fell by 50 to 819, while legal entities rose by 40 to 654
- —65% of those removed quit mining voluntarily, 32% ceased business operations
- —Ministry of Energy plans to raise electricity tariffs for miners 2–5x
Why it matters: The shrinking pool of legal miners in Russia signals falling mining profitability and mounting regulatory pressure on the sector.
Source: BitNovosti
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