Home Crypto News Russian Client Ordered 20,000 BTC Mining Rigs

Russian Client Ordered 20,000 BTC Mining Rigs

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An unknown individual in Russia has been seen stacking 20,000 Bitcoin mining machines at one of many BitRiver’s places in Siberia

Russia has reportedly facilitated the import of hundreds of Bitcoin mining gadgets throughout the huge surge within the crypto sector. A senior govt at BitRiver, at present the most important crypto mining colocation service supplier in Russia, claimed {that a} native shopper ordered and obtained over 20,000 crypto mining gadgets.

CEO and founding father of BitRiver, Igor Runts, acknowledged that the entire mining energy of the aforementioned {hardware} quantities to round 70 MWh, which is reportedly the most important single batch of crypto mining {hardware} in all of Russia.

Runets additionally mentioned that the {hardware} was delivered in December 2020, and was arrange for Bitcoin mining. The location of this huge mining facility is in Bratsk — a metropolis in Russia with one of many nation’s largest hydropower stations.

Runets famous that the order got here from Asia, however that BitRiver can not and won’t disclose the names of both the Russian shopper or the precise nation that exported this {hardware}. However, the consultant did state that the mining middle was established at certainly one of BitRiver’s amenities.

BitRiver additionally didn’t disclose the precise kind of cryptocurrency miners imported. However, Kommersant acknowledged that the imported batch was priced someplace between $40 and $60 million.

Despite Russia creating and adopting the “Digital Financial Assets” regulation in January 2021, there’s nonetheless a sure degree of uncertainty about cryptocurrency mining within the nation because the regulation at present doesn’t present a transparent regulatory framework.

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