Igor Runets noted that in 2023, Russia caught up with the United States in the growth rate of the mining industry and is now reducing the gap in other indicators. The oil and gas industry is reviewing its investment strategies to include collaboration with mining companies.
“If currently mining in Russia consumes over 2.5 GW, then in the USA it consumes more than 7 GW. Over the next two to three years, thanks to their own generation and use of associated petroleum gas, Russian miners will become leaders, leaving the United States behind,” Runets said.
Thanks to data centers for mining, the utilization of associated petroleum gas will become even more profitable. According to the businessman, the publication of Bloomberg about the industrial mining industry in Russia is evidence that the US authorities have recognized the advantage of Russian miners in the market.
It is necessary to further develop the sphere of cryptocurrency mining in order to catch up and overtake the United States, summed up the CEO of BitRiver.
Earlier, Deputy Minister of Finance of Russia Ivan Chebeskov said that a tax on profits from the mining of cryptocurrencies should be introduced. The agency expects the adoption of a law on taxes for miners by the end of the year.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
