Data: Russia ranks second in the world in terms of electricity capacity for cryptocurrency mining

According to ChainCatcher news, as reported by Bitcoin.com, Russia has climbed to the second place in the world in terms of total power capacity specifically for cryptocurrency production facilities. According to data provided by Russia's largest mining operator, Bitriver, the electricity involved in cryptocurrency mining has reached 1 gigawatt (GW) in the first three months of this year.

Despite the ongoing regulatory uncertainties and the negative impacts of sanctions, the investment in the industry has been increasing, reaching a historical high this year. (Source link)