Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

Bitcoin.com | Aug 25, 2022 at 6:30 AM
  • Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies.
  • The Irkutskenergosbyt utility alone sought to recover 63 million rubles (almost $800,000) from illegal miners.
  • During recent raids, more than 9,000 units of mining equipment have been dismantled and removed from the Baikalsk thermal power plant and the village of Ust-Ordynsky, the regional Prosecutor’s Office announced this week, quoted by the Federal Press portal.