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Unknown company has installed 20,000 bitcoin mining devices in Russia

An unknown company has set up 20,000 bitcoin mining devices in Russia at one of the BitRiver locations in Siberia.

Russia reportedly facilitated the import of thousands of Bitcoin mining devices during the massive surge in the crypto sector. A senior executive at BitRiver, currently the largest crypto mining community service provider in Russia, claimed a local customer ordered and received over 20,000 crypto mining devices.

BitRiver CEO and founder Igor Runts stated that the total mining power of the above hardware is around 70 MWh. This is reportedly the largest single batch of crypto mining hardware in all of Russia.

Runets also said the hardware was delivered in December 2020 and set up for Bitcoin mining. This huge mining facility is located in Bratsk, a city in Russia with one of the largest hydropower plants in the country.

Runets determined that the order was from Asia. BitRiver cannot and will not disclose the names of the Russian customer or the exact country to which this hardware was exported. However, he stated that the mining center was installed in one of the BitRiver facilities.

BitRiver also did not disclose the exact type of cryptocurrency miners it imported. However, Kommersant stated that the imported batch was priced between $40 million and $60 million.

Although Russia created and passed the Digital Financial Assets law in January 2021, there is still some uncertainty about crypto mining in the country. Because the law does not currently offer a clear legal framework.


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