Russia's third-largest oil company to power Bitcoin mining farms
Potential profitability has led to a partnership between one of Russia’s major oil companies and a Bitcoin (BTC) mining hosting firm.
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Potential profitability has led to a partnership between one of Russia’s major oil companies and a Bitcoin (BTC) mining hosting firm.
Compass Mining cut ties with Russian crypto miner BitRiver after the US sanctioned the company and its subsidiaries last week.
Compass Mining is seeking buyers for mining equipment with 12 megawatts of capacity that can’t be moved out of the country.
An American crypto-mining company is selling off mining rigs is Russia as US sanctions loom against those operating in the country.
"By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources," Under Secretary for Terrorism and Financial Intelligence...