In the first nine months of 2026, 375 participants were removed from the Russian Register of Digital Currency Miners, while 365 new ones were added. Data from Quattor Advisory indicates that 65% of those who left did so voluntarily, rather than due to legal violations. Since the registry began in November 2024, no exclusions have occurred under anti-money laundering legislation.
The market shows a divergence between business types. Legal entities saw a net increase of 40 participants, with 161 new registrations against 121 exits. Conversely, individual entrepreneurs (IP) experienced a net decline of 50, with 204 new entries and 254 departures. Analysts note that individual entrepreneurs exit more quickly due to simpler liquidation procedures compared to legal entities.
Market conditions, including low profitability in early 2026 and rising energy costs, have impacted the sector. Proposed energy tariff hikes by the Ministry of Energy, potentially increasing costs by two to five times, have further pressured small-scale miners. As of October 1, 2026, the registry includes 1,473 participants, with individual entrepreneurs accounting for 55.6% of the total.
Experts suggest that mining is shifting from a speculative investment to a complex operational business. High maintenance costs, equipment depreciation, and regulatory challenges, such as internet traffic restrictions, have forced many to re-evaluate their profitability. Former miners retain the right to hold previously mined assets and remain subject to tax obligations on their income.
