Russia Opens Its Largest Mining Farm to Date

  • Alex Dovbnya
    📰 News

    An enormous mining facility has recently been opened in the building of an abandoned Soviet-era fertilizer laboratory. It is the largest mining farm in Russia


Russia Opens Its Largest Mining Farm to Date

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.

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.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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