Law enforcement in Russia has shut down a large cryptocurrency mining farm operating illegally in Siberia. This action is part of an ongoing crackdown on illegal mining in the country.
Closure of Farm in Krasnoyarsk Krai
In Krasnoyarsk Krai, illegal cryptocurrency mining has been halted, according to the regional prosecutor's office. The operation, covering nearly 30,000 square meters, was located in the city of Nazarovo. Official statements indicated that the property was registered as a non-residential building, yet it was actually used for mining equipment.
Issues with Illegal Mining
Authorities found that the farm's operator had connected their equipment to the city's power grid without the required permits. Fire safety regulations were also reportedly violated. The prosecutor initially called for rectifying these issues, but the requests were ignored.
Broad Anti-Illegal Mining Campaign
Cryptocurrency mining was legalized in Russia last year, yet local authorities blame it for overloading power distribution networks. Consequently, restrictions on the resource-intensive activity are implemented in various regions. In some areas, mining bans are already in effect. The government aims to focus on tackling illegal farms by introducing fines and cryptocurrency confiscation.
The closure of this large mining farm signals Russian authorities' commitment to tackling illegal electricity use for cryptocurrency mining and enhancing the safety of power grids.
