Russian Hydropower Giant Opens Bitcoin Mining Farm

November 5, 2020

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En+ chose to enter the crypto space after some experimentation in the field, the association’s CFO, Mikhail Khardikov, told through a representative. Three years prior the organization got mining firm BitRiver as a customer, offering capacity to its ranch in Bratsk.


BitRiver claims the biggest mining setting in Russia, facilitating around 100 megawatt worth of customers’ ASICs on a homestead close to the Bratsk hydropower plant in Siberia. The firm is likewise hoping to grow to neighboring areas with the gift of the nearby specialists. The organization with En+ will add to the future development.


Aggressive partnership


Presently, En+ and BitRiver have collaborated to run another homestead, with En+ holding a 80% stake and BitRiver 20% in the joint endeavor, they said. The scene, found not a long way from BitRiver’s current site, will at first offer 10 megawatts of intensity for excavators who might decide to keep their ASICs there, with the possibility to grow to 40 megawatts.


“Our primary business is consolidating the creation of power and aluminum, which considers transforming power directly into aluminum creation, rather than selling it through the force network [to consumers]. Server farms, particularly for the mining ranches, are a much more appealing method of transforming power into an item,” Khardikov said.


He added that En+ is glad to consider more to be as its customers, and is offering to find their ranches in the immediate region of the company’s capacity plants. “We have settings with power foundation promptly accessible, from more modest ones for 10-30 megawatts, to bigger ones for 100-120 megawatts,” Khardikov said.


Image Courtesy : Pixabay

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