BitRiver to Build New 100MW Crypto Mining Center in Russia
BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia.
The firm’s BitRiver-B subsidiary has already started building the new center, officially a “data processing center for energy-intensive computing.”
The company now plans to launch operations at the center “in the second half of 2024.”
Per the media outlet RBC, the firm announced that the center will be principally used “for cryptocurrency mining.”
BitRiver-B said it would spend “over” $15.15 million on the new center. The facility will be located in Buryatia, a largely mountainous republic that borders Mongolia to the south.
The media outlet quoted Sergei Bezdelov, director of the Industrial Mining Association (APM), as calling the new plant “the largest data center in the Republic of Buryatia and the Far Eastern Federal District.”
The mining industry chief claimed that construction began on the center in 2022. The firm has also released images of building work at the site.
Bezdelov claimed that work would continue on what he called a “landmark investment project for the Far East and all of Russia,” despite “the company’s inclusion on the US Treasury’s sanctions list.”
Washington added BitRiver to its list of sanctioned Russian firms in April 2022. However, the firm’s CEO this year claimed that mining Bitcoin would become vastly more profitable in Russian than in the USA following the next BTC halving event.
BitRiver boss Igor Runets also stated that Russia’s “energy balance” was “one of the greenest in the world.”
He said that this due to the nation’s “high share of hydroelectric and nuclear power plants.”
Bezdelov, meanwhile, added that the firm would employ “about 120 high-class specialists” at the
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