2,700 Crypto Rigs Seized: Russia Launches Biggest Mining Raid Of The Year

Share This Post

According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings.

The haul included banks of machines, fans and other cooling gear, and the authorities say they also took away two transformers.

Large Crypto Mining Rigs Seizure In St. Petersburg

Investigators say the operation started after energy inspectors noticed inconsistencies between recorded meter figures and actual power use.

The site had been connected to the grid since March 2018. It ran, according to officials, until August 2025. Police say three unnamed St. Petersburg residents had originally signed a contract to connect a commercial property to the grid more than seven years ago.

Officers released video of the raid on a ministry Telegram channel. The footage shows police forcing open locked containers and pushing a man to the floor as they searched the premises.

In one container, rows of active machines could be seen, with fans running and cooling systems in place. Other rooms held hundreds more rigs.

Meter Tampering And Charges

Based on reports from the Interior Ministry, investigators believe the suspects used technical knowledge of the power grid to alter meter readings so the utility would show much lower consumption than was actually used.

The suspects behind the illegal crypto mining rig operation were placed in custody and charged with causing “property damage by deception or abuse of trust,” prosecutors said.

The ministry has not released an estimate of how much electricity was taken or the financial value of the theft. Officials also did not say which digital coins were being mined at the site. Police added they are still looking for possible accomplices linked to the operation.

Smaller Networks Found In Other Regions

This seizure follows similar discoveries across Russia and territories under Moscow’s control. In mid-September, authorities uncovered an illegal cluster in what Moscow calls the Donetsk People’s Republic where operators had connected 25 rigs directly to the grid, bypassing meters. Officials reported damage estimated at 14 million rubles ($170,633) for that network.

In other areas, hidden setups have appeared underground or inside trucks and vans. Regions mentioned by officials include Dagestan, parts of the North Caucasus and Southern Siberia — places where cheap or poorly monitored power has sometimes attracted clandestine miners.

Featured image from Protos, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Forget Bitcoin, The Uber-Wealthy Are Now Rapidly Buying XRP: CEO

Jake Claver, CEO of Digital Ascension Group, says ultra-wealthy families are rapidly accumulating XRP, and he believes most XRP holders still don’t realize how rare their position is In a video

Bitcoin ETF, Treasury Firms Might Have Stopped Buying — But How Much Have They Offloaded?

The Bitcoin market structure is believed to have undergone a massive shift since the significant price downturn seen on October 10, 2025 While the premier cryptocurrency has been on something

JPMorgan Predicts Bitcoin Rising Toward $170K With Gold-Like Trends

JPMorgan sees bitcoin primed for a powerful climb as gold-like trading patterns and shifting market dynamics set the stage for major upside potential in the months ahead JPMorgan Flags Bullish

Feds Returning Seized Crypto to Victims After Crackdown Sparks New Shift

Federal authorities recovered more than $17 million in stablecoins linked to a crypto scam, marking a pivotal move that clears the way for victims to recoup losses and underscores how traceable

Ethereum Shows Strength: Indicators Suggest Bigger Moves Ahead

Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way With key support levels holding and bullish patterns forming, the market may be setting

Bitcoin Boost: Fidelity CEO Confirms Personal Holdings, Hails BTC As ‘Gold Standard’

According to remarks made at the Founders Summit, Fidelity’s chief executive Abigail Johnson offered a rare look at how the firm moved from curiosity to a full crypto business and why she keeps a