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Russia's Ural Mining Bust Sends Hashrate Tremor Toward Asia's Power Grids HONG KONG — A raid this week on a 10,000-rig clandestine bitcoin mining operation buried inside two industrial sites in Russia's Ural region has done more than expose a billion-rouble electricity theft.
It has redrawn, however quietly, the hashrate map that Asia's energy planners have been watching since Beijing's 2021 expulsion of miners first scattered the industry across Eurasia.
Russian investigators say the farm tapped more than double its sanctioned electricity allocation, tripping outages in surrounding residential districts and inflicting damages estimated at roughly 1 billion roubles, or about 13.9 million US dollars.
Three operators are in custody.
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