BitRiver to start using Gazprom Neft’s associated gas for mining
Over the next two years, the data center operator intends to increase its capacity to 2 GW
17.06.2022 - 10:20
1098
2 min
0
What’s new? BitRiver, the largest CIS data center operator for mining, has entered into a partnership with Gazprom Neft to mine cryptocurrencies using associated petroleum gas (APG). According to a press release, Gazprom Neft will provide power to the data centers, which BitRiver will deploy. Gazprom Neft’s goal is not to work with digital currencies, the company intends to develop new ways to make useful use of APG. The deal was concluded during the St. Petersburg International Economic Forum (SPIEF).
What else is known about the partnership? The document states that Gazprom Neft already has the infrastructure for energy-intensive computing, powered by APG.
BitRiver founder Igor Runets said that over the next two years, the company intends to implement projects to create its own data centers for energy-intensive computing with a capacity build-up to 2 GW, including using APG, which will additionally ensure high and stable power consumption.
BitRiver came under US sanctions in April, resulting in its operations and assets, including its 10 subsidiaries, being completely blocked in the States. The country’s residents were also banned from working with BitRiver. Later, the company reported its intention to sue the US Treasury Department.
In October 2021, Russian Deputy Industry and Trade Minister Vasiliy Shpak suggested using the country’s oilfield equipment for cryptocurrency mining.
On June 1, it became known that generators and equipment for bitcoin mining would be deployed in the Omani capital. The new farm would use APG as a resource in order to reduce its emissions.
Useful material?
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024