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Siberian Electric Power plans to prosecute 400 "illegal" crypto miners

According to Tim Alper, Siberian electricity company Irkutsk Energosbyt plans to file a lawsuit against about 400 illegal cryptocurrency miners who are accused of "stealing" $6.30 million worth of electricity from the grid. The company said the miners were illegally using electricity for crypto mining, particularly by installing energy-intensive mining equipment on garages, private homes, apartment balconies and garden plots, resulting in increased load on the household power grid and possible accidents. As of January 1, 2025, the court has upheld 1,348 lawsuits by power companies, and 104 miners have opted to settle out of court to pay their electricity bills. Irkutsk Energosbyt said it will continue its legal action.