On June 24, it was reported that the Russian cryptocurrency market is developing rapidly, and domestic investors are actively increasing their digital asset holdings and expanding industrial mining activities. Vasily Girya, CEO of mining data center operator GIS Mining, said at the 2025 St. Petersburg International Economic Forum that as of the end of the first half of 2025, the value of crypto assets held by Russians had exceeded 2 trillion rubles (about 25.4 billion US dollars). Girya highlighted the significant increase in institutional investors 'interest in cryptocurrency mining, especially Bitcoin mining, and that major investors are expanding their digital currency portfolios by increasing orders from industrial mining operators. Russian institutional investors are using the country's abundant energy resources to promote large-scale mining operations. This strategy not only maximizes resource utilization, but is also expected to enhance Russia's position in the global crypto economy.