SBI lost 40% of hash rate after stopping mining in Russia: Data

2022.08.20 01:53

SBI lost 40% of hash rate after stopping mining in Russia: Data

Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter.

SBI Holdings suspended mining operations in Russia’s crypto mining-rich region of Siberia, citing reasons like the Russia-Ukraine conflict and the ongoing bear market, Bloomberg reported on Thursday.

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