Bitriver to open 100 MW mining facility following subsidy from Russia
Russia is capitalizing on most countries’ anti-mining stance and is directly supporting the construction of a $12.3 million mining facility in Siberia.
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Japanese giant SBI ends ties with sanctioned Russian miner BitRiver
SBI had remained tightlipped about its association with BitRiver, but sources now reveal it has lost tens of millions of dollars after ending this relationship.
Miners should pay more for power than households, Russia says
Russia’s energy minister has proposed changes that could see block reward miners pay more for electricity than households as the industry grows rapidly.
Record number of ASIC miners imported into Russia: report
An unidentified client for BitRiver has recently shipped roughly 20,000 ASIC miners into the firm’s block reward mining facility in Siberia.
Gas powered block reward mining farm opens in Siberia
The wholly owned subsidiary of natural gas firm Gazprom is initially running mining operations from one of its oil drilling facilities in Siberia.
Minery CEO on why Siberia is the perfect location for crypto mining
Minery CEO Ilya Bruman explains why Siberia is becoming a hot spot for cryptocurrency mining services.