Russia Targets 50,000 Miners as Crypto Mining Banned in 13 Regions

Russia has moved to shut down crypto mining operations across 13 regions, targeting an estimated 50,000 miners in what amounts to the most sweeping enforcement action since the country legalized the activity in August 2024. The bans, extending through 2031 during peak autumn-winter seasons, signal that Moscow’s tolerance for grid-straining mining has hit a structural limit, not just a seasonal one.The immediate…