Crypto mining ban in Russia results in $10 million of lost profits for Siberian utility

A temporary ban on cryptocurrency mining has caused financial damages to a Siberian energy distributor for close to $10 million in lost profits while leaving a surplus of generation capacity that remained unutilized. The restrictions imposed in several Russian regions to reduce strain on power grids during cold winter months have led to an increase […] source: https://www.cryptopolitan.com/crypto-mining-ban-in-russia-results-in-10-million-of-lost-profits-for-siberian-utility/