The Russian government has backtracked its anti-crypto mining stance and has now gone as far as subsidizing a crypto mining facility in Siberia. The government added that it now provides tax incentive...
Tag: Siberia
Russian government subsidizes crypto mining facility in Siberia
The crypto mining industry has faced moratoriums in some parts of the United States and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. With...
Russian government gives green light to crypto mining operation in Siberia
Ad The Russian government announced on Feb. 8 that it would start providing direct financial support to a cryptocurrency mining operation set to launch in Siberia later this year. According to Russia...
Russia To Build New Power Facilities In Siberia As Crypto Mining Demand Soars
As the war in Ukraine continues in its 10th month, the Russian Federation recently announced a possible increase in energy production as demand from crypto miners increased. This increase in crypto mi...
Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia – Mining Bitcoin News
Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues...
What Does a Crypto Mining Farm Look Like? Striking Photos From Siberia to Spain
Crypto mining comes in many shapes and sizes, from mega mines under the blazing Texas sun to small facilities nestled in Italy’s snowy Alps. CoinDesk reporters traveled across Europe, Asia and North A...