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Gazprom Begins Construction of Bitcoin Mining Center in Veliky Novgorod

Sep 30, 2024
  1. Construction Start
  2. Use of Surplus Energy
  3. Significance for Russia's Crypto Industry

Gazprom has started creating a Bitcoin mining center with 5000 rigs in Veliky Novgorod, highlighting the growing interest of major corporations in Russia's crypto industry.

Construction Start

Gazprom has commenced construction of a Bitcoin mining center in Veliky Novgorod. This ambitious project will include 5000 rigs and will take several months to complete.

Use of Surplus Energy

The center will utilize surplus energy to power the mining equipment. This approach contributes to efficient resource use and can significantly boost the country's computational power.

Significance for Russia's Crypto Industry

Gazprom representatives have noted that investments in mining are a promising direction for business diversification. Combined with the recent legalization of industrial mining in Russia, such projects could significantly alter the landscape of the country's crypto industry.

The construction of the Bitcoin mining center in Veliky Novgorod demonstrates Gazprom's strategic efforts to diversify its business and strengthen Russia's position in the global cryptocurrency market.

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