Bitcoin

Russian energy giant Gazprom has commenced construction of a 5000-rig Bitcoin mining center in the city of Veliky Novgorod. This move highlights the increasing interest of major corporations in <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>'s cryptocurrency <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>. The project, expected to take several months, plans to utilize surplus energy to power the <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a>. Experts estimate that this will boost the country's total computational power and strengthen its position in the global mining market. Gazprom representatives note that investments in mining are a promising direction for business diversification. Combined with the recent legalization of industrial mining in Russia, such projects could significantly alter the landscape of the country's crypto industry.

Gazprom Builds 5000-Rig Bitcoin Mining Center in Veliky Novgorod

Ultramining_Eng

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