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State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

Post author:MiamiCrypto
Post published:February 11, 2023
Post category:bitcoin farm Bitriver Buryatia Crypto crypto miners Crypto mining Cryptocurrencies Cryptocurrency investment Miners Mining Mining Facility Mining Farm mining project Russia russian Siberia

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…

Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia

Post author:MiamiCrypto
Post published:April 24, 2022
Post category:Bitcoin Mining Bitriver bloomberg BTC Mining BTC Mining Equipment CEO of Compass Mining Compass Compass Mining Financial Sanctions Miners Mining mining equipment Norilsk OFAC Russia Russian Federation Sanctions Siberia U.S. Treasury Department Ukraine Ukraine-Russia war Whit Gibbs

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.…