Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Feb 12, 2021 | Bitcoin News | 0 comments

massive-70-mw-bitcoin-mining-rig-shipped-to-russia

Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country.

Delivery Took Place at the End of 2020

According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power capacity of 70 megawatts. The media outlet’s estimations show that the hardware shipped from Asia is worth approx. between $40 million and $60 million.

The Bitriver-powered data center is located in Irkutsk, the largest city of Irkutsk, in the Siberian Federal District, with over 600,000 residents.

Citing Igor Runets, CEO and founder of Bitriver data center, says that the delivery took place at the end of 2020, specifically in December. Right after the shipping, the data center’s staff installed the rigs to mine bitcoin (BTC).

Hardware From Four Major Manufacturer Brands

Runets also added that they deployed a separate hangar in Bratsk, in the same region, which will act as a tier-III level data center to provide “very high safety” to the rest of the batch. The ASIC-based equipment brands acquired include Bitmain, Whatsminer, Innosilicon, and Avalon, said the Bitriver data center’s CEO.

Artyom Eremin, the head of Chilkoot — one of the official distributors of crypto mining equipment in Russia — said the costs of the recent Bitriver’s acquisition could reach $50 million. However, he estimated using last year’s price before the surge of bitcoin’s quote across markets.

What do you think about this crypto mining move in Russia? Let us know in the comments section below.

News Source from news.bitcoin.com

Related Articles

3 million active users help lift Audius (AUDIO) to a new all-time high

3 million active users help lift Audius (AUDIO) to a new all-time high

Audius price hit a new all-time high after the decentralized music streaming platform surpassed 3 million active users and developers hinted at future NFT integrations. As blockchain technology increasingly becomes part of the mainstream conversation, its integration...

Novogratz’s Galaxy Digital Pulls in $32 Million for Ethereum Funds

Novogratz’s Galaxy Digital Pulls in $32 Million for Ethereum Funds

According to Securities and Exchange Commission (SEC) filings made today, two Ethereum funds launched by Galaxy Digital have thus far received $32.1 million in investment. Galaxy Digital is a cryptocurrency asset management firm led by Mike Novogratz, a noted Bitcoin...

Pin It on Pinterest

Share This