The operational costs of the Buryatia-based mining farm are set to be heavily subsidized via various government support mechanisms employed by KRDV. This subsidy will be in different forms, including exemptions from land and property tax, reduced income rate tax, etc.
https://bitcoinist.com/russia-to-launch-12-3-million-crypto-farm/
I've seen cryptoheads rejoice on social media over this.
I think it comes with the risk of Bitcoin and the rest of the crypto sector suffering from the sanctions war. This is a real concern. That a national government would invest in crypto mining this way is positive for crypto in and of itself. But if this is seen as interfering with the financial sanctions on Russia, there are unfortunately many things that the US government could do to harm the space.