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News Explorer — Bitcoin Miners in Russia May Be Incentivized to Move North Due to a Ban in Southern Regions

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May 22, 5:01 pm
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Bitcoin Miners in Russia May Be Incentivized to Move North Due to a Ban in Southern Regions

The Russian Ministry of Energy is contemplating offering incentives for Bitcoin miners to relocate to the northern regions due to a ban imposed on mining in ten southern regions. The ban, in place until 2031, aims to alleviate energy shortages caused by the Ukraine war.

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