Cryptocurrency News

Russia seems to be preparing to mine Bitcoin with flare gas

06/17/2022

Less than a minute

2022.06.17 21:31

Russia seems to be preparing to mine Bitcoin with flare gas

The Russian government continues to establish links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and payments.

Russia’s state-owned gas giant Gazprom (MCX:GAZP) Neft has entered into a partnership with BitRiver, the largest crypto-mining colocation services supplier in Russia providing hosting services for major crypto mining operations. Gazprom will provide BitRiver’s partner data centers with electricity generated from the associated petroleum gas, the companies officially announced on June 16.

06/17/2022

Less than a minute

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