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Siberian Power Company Finds Illegal Crypto Mining 'Farm' On Its Own Property

An anonymous reader quotes a report from Crypto News: Power providers in the Siberian crypto mining hotspot of Irkutsk have discovered an illegal mining "farm" operating on their own property. The Irkutsk Region Prosecutor-General's Office posted on VK, explaining that an unnamed Irkutsk-based "elec...

The Irkutsk Region Prosecutor-General's Office posted on VK, explaining that an unnamed Irkutsk-based "electric grid supply organization" was "found illegally providing a plot of land" to crypto miners. The report notes that Siberia's cheap electricity and cold winters have attracted crypto miners, causing grid instability and power outages in regions like Irkutsk. "They also favor the area's cheap power costs and famously low winter temperatures, which help reduce cooling fees."

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