Russia’s largest energy providers Gazprom and EuroSibEnergo are currently “in talks” with “tens” of cryptocurrency miners looking to take advantage of cheap electricity prices, Bitcoin.com reported.
EvroSibEnergo has received “dozens of requests“ from Russian Bitcoin (Bitcoin) miners seeking to reduce the power costs associated with mining.
“There are over 70 manufacturing facilities with ready-made infrastructure, including quick access to electrical grids and substations, provided with cheap electric power”, the company said in a statement.
According to multiple unconfirmed reports, power plants have begun selling excess capacity to Bitcoin miners.
“No contracts have been finalized so far, but the EuroSibEnergo is not declining partnership opportunities,” reports state.