Amid international sanctions, the Bitcoin mining industry is thriving in Russia. Bitmain and MicroBT are expanding in the country due to their cheap energy and favorable mining conditions. Russia's share of global mining increased after China banned the industry in 2021. While sanctions don't explicitly target mining, there are risks for firms operating in Russia's mining sector. The rising bitcoin prices and regulatory changes in neighboring countries have further boosted Russia's computing power. Both Bitmain and MicroBT have a presence in Russia, with Chinese miners taking an interest in the country's mining opportunities.