đš Russia Cracks Down on Massive Illegal Mining Farm â 30,000 sqm Busted!
One of the biggest underground crypto busts just rocked Siberia. Russian authorities have shut down a 30,000 sqm illegal crypto mining farm in Krasnoyarsk Krai â a full-scale operation stealing electricity and squatting on state-owned land.
đ Hidden in plain sight, the operation was located in an industrial zone in Nazarovo, disguised as a ânon-residential building.â But inside? Dozens of powerful transformers, generators, and cooling systems working overtime to mine $BTC â raking in nearly $58,000/month.
đ The takedown revealed:
Massive illegal power use
Fire safety hazards
Fraudulent land leasing
State property abuse
Repeated defiance of legal orders
đŁ It gets crazier: the power company tipped off prosecutors after noticing power fluctuations. The illegal setup was strong enough to risk blackouts across the city. And earlier this year? A staffer was caught taking bribes to ignore similar rigs, stealing $119,000 worth of electricity.
đ With Krasnoyarsk joining Irkutsk and Tatarstan as mining hotspots, Russia is tightening its grip on rogue operations.
â ïž Bottom Line: Illegal mining isnât just shady â itâs a real threat to infrastructure and safety. As crypto scales, so does the crackdown.