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
Cover image via u.today

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.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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