Russian Energy Giant Taps BitRiver to Mine Bitcoin Using Flared Natural Gas
Russia’s third-largest oil producer inks agreement with green crypto mining hosting company BitRiver to set up mining facilities on oil fields.
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As debates rage on in North America about the alleged impact of bitcoin and Ethereum mining on the environment, state-owned Russian energy giant Gazpromneft wants to add to Russia’s contribution to global hashrates.
The oil company has tapped BitRiver, Russia’s largest mining co-location service provider, to construct green cryptocurrency mining data centers on its oil fields powered by flared natural gas. BitRiver will build the centers at new oil fields lacking transport accessibility or remote locations. The new facilities will allow for the expansion of up to two gigawatts of power capacity in the next two years.
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