A Russian Company Is Opening a Mining Farm in the Arctic
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            Home Media A Russian Company Is Opening a Mining Farm in the Arctic

            A Russian Company Is Opening a Mining Farm in the Arctic

            Author: CoinDesk
            14 October 2020
            Updated: 7 May 2024
            Content

            The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption.

            BitCluster, a cryptocurrency mining company in Russia, is setting up shop where few dare to wander.

            A new mining farm above the Arctic Circle, in the industrial area of Norilsk in the Taymyr Peninsula, will provide 11.2 megawatts of power for mining bitcoin. The farm will be working as a “mining hotel,” meaning that it will be hosting application-specific integrated circuits (ASICs) for customers, charging them for electricity consumption. 

            Read more in CoinDesk.com

            Article

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