Bitriver – DIGIT INFO

Russia bans crypto mining for 6 years in 10 regions

DIGIT — Tue, 24 Dec 2024 08:32:38 +0000

Russia’s key crypto mining regions like Irkutsk will enforce seasonal mining restrictions instead of originally proposed complete bans.

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Russia to restrict crypto mining in 13 regions to save electricity

DIGIT — Wed, 20 Nov 2024 11:45:58 +0000

If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk.

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Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

DIGIT — Sun, 09 Apr 2023 09:30:41 +0000

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in […]

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State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

DIGIT — Sat, 11 Feb 2023 05:30:49 +0000

A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver Building Large Data Center for Cryptocurrency Mining in Buryatia, Siberia A 100-megawatt […]

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Russia Expands Its Crypto Mining Capacity, Report Reveals

DIGIT — Sat, 04 Feb 2023 23:00:20 +0000

The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend. Miners Prepare for Growth as Total […]

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Bitcoin ASIC miner prices hovering at lows not seen in years

DIGIT — Tue, 27 Dec 2022 07:00:00 +0000

ASIC miners’ price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.

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Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say

DIGIT — Wed, 31 Aug 2022 06:30:00 +0000

Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining cryptocurrencies […]

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Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

DIGIT — Sat, 18 Jun 2022 18:00:55 +0000

Russian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. As part of a new agreement, the mining company will in return develop the digital infrastructure at the oil producer’s wells in Russia. Crypto Mining Operator Bitriver to Cooperate With Russian Oil Giant Gazprom Neft […]

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Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions

DIGIT — Thu, 12 May 2022 08:30:44 +0000

Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian […]

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Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia

DIGIT — Sun, 24 Apr 2022 21:30:34 +0000

The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass […]

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