An unknown customer in Russia bought 20,000 Bitcoin mining devices at one of BitRiver’s locations in Siberia.
Bitcoin mining device import
It is reported that Russia imported thousands of cryptocurrency mining devices amid the huge surge in the cryptocurrency market.
A senior executive at BitRiver, the largest provider of crypto mining colocation services in Russia, claimed that a local customer purchased more than 20,000 crypto mining devices.
BitRiver founder and CEO Igor Runets said the total mining power of the imported hardware is 70 MWh, which is estimated to make up the largest single crypto mining hardware in Russia. Runets said the hardware was delivered in December 2020 and was immediately installed for Bitcoin (BTC) mining in Bratsk, a city in Russia that has one of the country’s largest hydroelectric stations.
Import from Asia
Runets noted that the mining rigs were imported from Asia. A spokesperson for BitRiver said the company cannot disclose the Russian customer’s name or the exact country that exported the hardware. The representative added that the mining data center was set up in one of BitRiver’s locations.
BitRiver has not disclosed the exact type of crypto miners imported. According to Kommersant, the imported batch was priced between $ 40 million and $ 60 million.
Although Russia passed the crypto law “On Digital Financial Assets” in January 2021, there is a certain uncertainty about crypto mining in the country because the law does not provide a clear regulatory framework for the industry.