Crypto MiningRussia
First two centers in Mikun and Sindor will cost a combined total of $27.6 million
Russia’s crypto pivot is continuing apace, with the northeastern region of Komi Republic announcing plans to build 15 new crypto mining data centers.
Per a report from TASS, the Komi regional governor Vladimir Uyba said the first two of the 15 new data centers will be built in Mikun and Sindor.
Crypto Mining Hub: Russia Ready to Welcome More Miners?
Uyba said that investors have backed the building project. The first two centers are set to cost a combined total of $27.6 million.
He did not mention which coins would be mined at the center. However, the vast majority of Russian miners tend to focus their efforts on Bitcoin
The regional chief said the two parties had already signed a “collaboration agreement.”
“The project will help us develop the IT industry and digital technologies. [Energoresource-K] is committed for the long term. It is ready to invest about 35 billion rubles [$386.2 million] in the project.”
Vladimir Uyba, Head of the Komi Republic
TASS added that “in the future,” Komi would begin on the construction of more “data processing centers” in “other cities and regions of the republic.”
Komi’s Mining Advantages
Komi is situated to the west of the Ural Mountains. While it is not known as a major location for crypto miners, it boasts abundant oil and gas reserves.
It is also home to several newly opened hydrocarbon fields and thermal power plants. Like many more popular Russian mining hotspots, Komi has long, cold winters and shorter summer periods.
