Illegal Crypto Mining Operation Discovered in Buryatia Using 95 Rigs and Stolen Power

Russian authorities in the Republic of Buryatia recently uncovered an illegal cryptocurrency mining operation that was ingeniously concealed within a specially modified KamAZ truck. The mining farm, which was discovered during a routine inspection, was found to be equipped with 95 mining rigs and a mobile transformer. This innovative yet illicit setup was directly tapping into a power station's transformer, effectively stealing electricity to power its mining activities. The discovery highlights the growing trend of mobile crypto mining operations, which are becoming increasingly sophisticated in their attempts to evade detection and regulatory oversight. The use of stolen electricity not only undermines the integrity of the power grid but also raises concerns about the environmental impact of such operations. The authorities' seizure of the vehicle-mounted mining farm underscores their commitment to cracking down on illegal activities in the cryptocurrency space. This incident serves as a reminder of the ongoing challenges faced by regulators in monitoring and controlling the decentralized nature of cryptocurrency mining. The discovery of this illegal mining operation in Buryatia is likely to prompt further regulatory scrutiny and enforcement actions in the region, as authorities seek to ensure compliance with energy and environmental regulations.

The illegal mining operation in Buryatia involved a truck with 95 mining rigs, powered by electricity theft. Two suspects fled, avoiding identification. Buryatenergo workers discovered the setup during a routine inspection. Authorities reported illegal use of a 10-kilovolt line, sufficient for a village, to power the mining rigs. The targeted cryptocurrencies include Proof-of-Work coins like Bitcoin. Authorities have warned that illegal connections are disrupting local grids, causing voltage drops, overloads, and potential blackouts. The operation caused disruptions in local power grids, negatively affecting communities. No direct impact on market assets or institutional operations has been confirmed. Authorities focus on tackling unauthorized mining, causing voltage drops and risks to energy infrastructures. The crackdown supports ongoing regulatory enforcement from December 2024. This represents the sixth incident of power theft for mining in Buryatia this year. Mobile rigs and hidden transformers are common in these illegal setups. Past cases and current events indicate a persistent issue in crypto-related electricity theft. Regulatory actions continue to target energy load management and unauthorized operations.