An enormous mining facility has recently been opened in the building of an abandoned Soviet-era fertilizer laboratory. According to one of the founders Alexei Korolyov, it is the largest mining farm in Russia, the fifth biggest cryptocurrency market in the world. In order to build this farm, they raised more than $7.4 mln worth of investments. Apart from mining Bitcoin, they will also focus on Litecoin.
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U.Today has recently reported on one of the businesses initiatives to build ‘crypto valleys’ in Russia. Meanwhile, the whole Russian crypto community is caught in regulatory crosshairs.
U.Today Editorial Team
Vladislav Sopov
Dan Burgin