Bitcoin Russia Eu business Adoption Bitcoin Russia Eu

Russia seems to be preparing to mine Bitcoin with flare gas

Reading now: 457

The Russian government continues establishing links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments.Russia’s state-owned gas giant Gazprom Neft has entered into a partnership with BitRiver, the largest crypto mining colocation services supplier in Russia providing hosting services for major crypto mining operations.

Gazprom will provide BitRiver's partner data centers with electricity generated from the associated petroleum gas, the companies officially announced on June 16.As part of the collaboration, BitRiver will be developing digital infrastructure based on oil fields of Gazprom to provide crypto mining services from the flare gas.Gazprom first Deputy CEO Vadim Yakovlev emphasized that the business model of ​​Gazprom itself doesn’t envision work with digital assets.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News