RUSSIA'S TARTARISTAN PLANS TO BUILD A $100 MILLION BITCOIN MINING CENTER
Financial technology company Innopolis Tech, controlled by a former Russian communications minister, is set to build Russia's largest Bitcoin mining center, worth around $100 million.
The Republic of Tatarstan is preparing to build Russia's largest Bitcoin mining infrastructure worth around $100 million in investment, according to local news reports, citing Roman Shaykhutdinov, Tatarstan's deputy prime minister.
Speaking at a crypto forum in Kazan, Shaykhutdinov said the project will be carried out by Innopolis Tech, a financial technology company controlled by Nikolai Nikiforov, Russia's former communications and press minister.
Although specific details regarding the construction schedule and list of investors have not been revealed, Shaykhutdinov said the facility's projected hashrate will be 3 exahashes per second, potentially making it one of the key players in the global blockchain industry. crypto mining.
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