Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia – Mining Bitcoin News - BitcoinEthereumNews.com
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment thats currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass Hopes to Sell 12 MW of Bitcoin Mining Capacity in Russia to Pay Clients According to Compass Minings CEO Whit Gibbs, the firm is selling $30 million in mining equipment that is currently located in Siberia. बोलते हुए with Bloomberg on Friday, Gibbs explained the company is hopeful it will be able to obtain funds from the sale to pay off roughly 2,000 customers. Compass offers hosting services and the mining equipment in Siberia was owned by customers renting hosting space. During the last year before the Ukraine-Russia conflict, Russia became a preferred “hotspot” for bitcoin miners as electricity in the country is much cheaper than most regions worldwide. उदाहरण के लिए: बिजली की दरें in the Russian Federation, Siberia, and Norilsk, electric costs can be as low as $0.03 per kilowatt-hour (kWh). However, after the Ukraine-Russia war began, Russian crypto mining started getting assessed as a way the