In the summer, Russia's computing power accounts for over 16% of the global total, and mining activities may strengthen the ruble's exchange rate.

On December 22, Elvira Nabiullina, the Governor of the Central Bank of Russia, recently stated that crypto mining could be an additional factor contributing to the strengthening of the ruble's exchange rate, but the specific impact is difficult to quantify. Previously, Maxim Oreshkin, Deputy Head of the Presidential Administration of Russia, pointed out that underestimating the capital flows related to mining and crypto assets is the reason for the inaccurate predictions of the ruble's exchange rate, which has already affected the forex market. The Central Bank of Russia is assessing the encryption and mining market and is considering incorporating this data into the balance of payments. Additionally, according to statistics from the Russian Association of Industrial Mining (IMA), Russia ranks second in the global mining sector, accounting for over 16% of global computing power in the summer.