Russia mined over $3 billion in Bitcoin last year, boosting tax revenue amid sanctions.

Sergey Bezdelov, Director of Russia’s Industrial Mining Association, revealed that around 54,000 BTC, more than $3 billion, were mined in Russia last year, according to local news outlet Izvestia.

This mining activity reportedly generated about 50 billion rubles ($556 million) in taxes for the Russian government.
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