Siberia – 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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Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison

DIGIT — Tue, 07 Mar 2023 08:30:21 +0000

Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence for Cryptocurrency Theft in Russia A court in the Russian […]

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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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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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Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power

DIGIT — Tue, 13 Apr 2021 03:00:53 +0000

On April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk. A Low-Carbon Crypto Mining Token […]

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Russian Bitcoin Mining Granny Is Bullish on the Industry’s Future

DIGIT — Sun, 30 Dec 2018 08:00:22 +0000

A residential block of red bricks stretches unambitiously under the freezing sky of Irkutsk, in the Russian province of Siberia. Inside, a series of small bitcoin mining machines are running on cheap electricity, as grandmother Valeriya’s family of domestic miners, a bullish bunch, stack up a potential fortune for the future. Also read: Skeptical Payoneer CEO […]

The post Russian Bitcoin Mining Granny Is Bullish on the Industry’s Future appeared first on Bitcoin News.

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Large Glassware Plant in Siberia to Mine Bitcoin

DIGIT — Sat, 17 Mar 2018 09:05:20 +0000

The largest glass manufacturing plant in Siberia may soon start minting bitcoins. The management of the factory in Novosibirsk announced plans to invest in a mining farm. 11 million rubles will be spent in the first phase of the project to utilize surplus electricity and make use of empty spaces. Also read: Bitmain Opens Repair […]

The post Large Glassware Plant in Siberia to Mine Bitcoin appeared first on Bitcoin News.

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Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity

DIGIT — Thu, 15 Feb 2018 23:30:26 +0000

Cryptocurrency miners will soon be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with investors to build crypto mining farms near them. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]

The post Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity appeared first on Bitcoin News.

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