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Rising EU carbon costs push Bitcoin mining from Europe to cheaper Russia.

Market News
24 Aug 2026
Cointribune
View Source
Neutral
pluang ai news

A study by Vietnamese researchers shows that higher carbon prices in the EU are causing Bitcoin mining to shift to Russia, where there is no carbon tax, making mining cheaper. Companies operating in both regions switch off European machines and activate Russian ones based on cost efficiency. Meanwhile, Russia is developing a regulated crypto financial market with futures contracts launching in September 2026, coinciding with new digital currency laws. However, some Russian regions have started banning mining, which could limit this migration trend.

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