- Elvira Nabiullina says Russian Bitcoin mining has helped the ruble strengthen this year.
- Russia now supplies about 16% of the global Bitcoin hashrate.
- Russian miners reportedly produced 35,000 BTC at roughly $39,000 per coin versus a market value near $92,000.
- Bitcoin’s recent price moves and short-term statistics are available via CoinGecko’s Bitcoin data.
Elvira Nabiullina, governor of the Russian central bank, said Bitcoin mining may be contributing to the ruble’s recent strength. She noted the ruble has moved from about 110 RUB per USD earlier in 2025 to roughly 80–81 RUB per USD. “underrated export.”
The comments accompany data that place Russia at roughly 16% of the global Bitcoin hashrate. (Hashrate: a measure of computing power used to secure and validate transactions on proof-of-work blockchains.)
Russian mining output this year is reported at 35,000 BTC. Production costs were about $39,000 per coin, compared with a market price near $92,000 per coin at the time of reporting. These figures reflect production scale and cost margins claimed for the period.
Bitcoin has seen volatile price action in late 2025. The asset reached a high near $126,080 in October before losing value thereafter. Short-term movements include a 1.5% rise in the last 24 hours, 0.1% over the last week, and 7.6% over the prior month, while showing declines on some other short-period charts per CoinGecko’s Bitcoin data.
Institutional forecasts mentioned in the original reporting include expectations from firms such as Grayscale and Bernstein. The report does not add new analysis or commentary beyond these cited claims and the statistics above.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
