TechFlow news, June 24 — According to Bitcoin.com News, Russia's cryptocurrency market is rapidly expanding, with domestic investors actively increasing their digital asset holdings and scaling up industrial mining operations. Vasily Girya, CEO of mining data center operator GIS Mining, stated at the 2025 St. Petersburg International Economic Forum that by the end of the first half of 2025, the value of crypto assets held by Russians had exceeded 2 trillion rubles (approximately $25.4 billion).
Girya emphasized a significant rise in institutional investor interest in cryptocurrencies, particularly Bitcoin mining, as major investors expand their digital currency portfolios by placing larger orders with industrial mining operators. Russian institutional investors are leveraging the country's abundant energy resources to drive large-scale mining operations, a strategy that not only maximizes resource utilization but also aims to strengthen Russia's position in the global crypto economy.
