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Russia has imported its largest Bitcoin miner batch


An unknown shopper in Russia has stacked 20,000 Bitcoin miners at certainly one of BitRiver’s places in Siberia.

Russia has reportedly imported 1000’s of cryptocurrency mining units amid an enormous surge within the crypto market.

A senior government at BitRiver, the most important crypto mining colocation companies supplier in Russia, claimed {that a} native shopper acquired over 20,000 crypto mining units, Russian information company Kommersant experiences Feb. 10.

BitRiver founder and CEO Igor Runets mentioned that the overall mining energy of the imported {hardware} quantities to 70 MWh, which is reportedly estimated to make up the most important single batch of crypto mining {hardware} in Russia. Runets mentioned that the {hardware} was delivered in December 2020 and was instantly arrange for Bitcoin (BTC) mining in Bratsk — a metropolis in Russia that has one of many nation’s largest hydropower stations.

Runets famous that the mining rigs have been imported from Asia. A spokesperson from BitRiver advised Cointelegraph that the corporate can’t disclose both the title of the Russian shopper or the precise nation that exported the {hardware}. The consultant added that the mining knowledge middle was established at certainly one of BitRiver’s places.

BitRiver didn’t disclose the precise sort of crypto miners imported. In accordance with Kommersant, the imported batch was priced between $40 million and $60 million.

Regardless of Russia adopting its crypto regulation “On Digital Monetary Property” in January 2021, there’s a sure degree of uncertainty about crypto mining within the nation because the regulation doesn’t present a transparent regulatory framework for the trade. In September 2020, native authorities even proposed to ban Russian crypto miners from receiving fee for mining crypto.