New Crypto Mining Hub? Russian Region to Build 15 New Data Centers
Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
Russia’s crypto pivot is continuing apace, with the northeastern region of Komi Republic announcing plans to build 15 new crypto mining data centers.
Per a report from TASS, the Komi regional governor Vladimir Uyba said the first two of the 15 new data centers will be built in Mikun and Sindor.
Uyba said that investors have backed the building project. The first two centers are set to cost a combined total of $27.6 million.
He did not mention which coins would be mined at the center. However, the vast majority of Russian miners tend to focus their efforts on Bitcoin (BTC).
Mikun is a major city in the Ust-Vymsky District. Sindor is a smaller settlement in the Knyazhpogostsky District. Uyba said that the two centers’ plots “have been allocated.”
And Uyba explained that the republic and a power firm named Energoresource-K would jointly carry out the project.
The regional chief said the two parties had already signed a “collaboration agreement.”
“The project will help us develop the IT industry and digital technologies. [Energoresource-K] is committed for the long term. It is ready to invest about 35 billion rubles [$386.2 million] in the project.”
TASS added that “in the future,” Komi would begin on the construction of more “data processing centers” in “other cities and regions of the republic.”
Komi is situated to the west of the Ural Mountains. While it is not known as a major location for crypto miners, it boasts abundant oil and gas reserves.
It is also home to several newly opened hydrocarbon fields and thermal power plants. Like
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