TechFlow News, April 14: According to DL News, Irkutskenergosbyt, a state-owned power company in Russia’s Irkutsk Oblast, recently identified over 8,000 suspected illegal cryptocurrency mining operations disguised as chicken coops, greenhouses, forests, paper mills, and abandoned gas stations. Since 2019, the company has filed 2,170 lawsuits against illegal miners, seeking total compensation of $18.5 million. Courts have ruled on approximately half of these cases, imposing fines; some cases were settled out of court. Miners frequently mask their activities as electric vehicle charging or agricultural electricity use, resulting in significant power losses. To safeguard grid stability, several Russian regions have shut down licensed industrial mining facilities and plan to deploy artificial intelligence tools to track down illegal mining operations.
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