Strong

Energy giant Gazprom has announced the creation of a new subsidiary dedicated to crypto mining. This strategic move has garnered strong support from investors, reflecting the growing interest in cryptocurrencies within the energy sector.
The new company will utilize Gazprom's excess energy capacity to mine cryptocurrencies, allowing for efficient monetization of resources and diversification of revenue streams. This project may also contribute to the development of blockchain technologies and the digital economy in <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>.
Analysts note that Gazprom's entry into the crypto mining sphere could significantly impact the industry, given the company's scale and resources. It also aligns with Russia's ambition to reduce dependency on traditional currencies and strengthen its position in the global digital finance market.

Gazprom Creates Subsidiary for Crypto Mining, Garnering Strong Investor Support

Ultramining_Eng

Other articles published on Sep 18, 2024

Cypher Capital Joins Fundraising for Hemi Labs to Develop Unified Bitcoin-Ethereum Supernetwork

Uber drivers panic as Moove reportedly plans to increase N56,400 weekly remittance for Suzuki S-p...

io.net Partners With TARS Protocol To Advance AI Within Solana

BitGo to unveil its reward-earning USDS stablecoin in Q1 of 2025

What Is the Telegram-Based Catizen Game?

What is AltLayer (ALT) Coin?

Join our free newsletter for daily crypto updates!