Russia Strengthens Bitcoin and Crypto Mining As The War In Ukraine Continues!

• -Russia decides to continue to strengthen itself in many sectors after the war in Ukraine. In particular, the country aims to make profits with a planned and working principle in promoting the Bitcoin (BTC) and crypto mining sector.
• -For this reason, it aims to provide a solution to this situation with the sanctions applied to the miners due to the Russian invasion of Ukraine.

To this end, the country continues to fight for legalization, ensuring that it will not hinder their ability to continue mining tokens. However, despite the intervention of some of the country’s top politicians, the legalization process proved to be long and difficult.

The situation in the news announced by Regnum is as follows. The authorized person who works at Bitriver, “the largest operator of crypto mining data processing centers in Eurasia”, announced the subject. Oleg Ogiyenko has announced that they will make progress by not suspending the supply of equipment for mining cryptocurrencies to Russia.

Oleg Ogiyenko also mentioned more details in his statement. In these details, Oleg Ogiyenko stated in his statements that if international sanctions happen to their country, “it will not affect the import of mining equipment in any way”. But even then, the logistics of the crypto world used to import mining rigs and other equipment may undergo some change.

• -Explaining more developments on the subject, the authorities stated that the Bitriver manager was the first to discuss the issue of purely Russian legal cryptocurrency miners at the meeting. Since crypto mining still does not have legal status in Russia, changes and explanations continue on this subject.
• -At the event, Oleg Ogiyenko stated that Bitriver also had plans to open a new “data center” crypto mining farm in the Irkutsk region. Oleg Ogiyenko also stated that the center will be formed with “more than 80 MW of capacity” and that it can provide at least 63 jobs in Ust-Ilimsk and “near regions”, Oleg Ogiyenko informed in detail about his work. It is also expected that this center will open this year.
• -In addition, according to the latest situations, information about the customers coming from various countries to realize their equipment on the new facility is also seen. It also stated that this equipment will be from Asian and European countries, including those from the USA.