A New Company Claims It’s Opening the Biggest Mining Farm in Russia

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

Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia A crypto mining farm in the village of Kuchino, near the city of Domodedovo in Moscow Oblast, has been raided by thieves, the Russian crypto news outlet Bits.media reported on Wednesday. The mining facility was located in a warehouse owned....

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia. Illegal Crypto Farm Burns 1.3 Million kWh in Komi, Russia The city court in Syktyvkar, capital of the Russian Komi Republic, has found a 39-year-old local resident who was operating an underground crypto farm guilty of electricity theft. The hardware was installed in a building rented from an....

Law enforcement officers have uncovered a psychiatric clinic at Russia’s oldest prison that was secretly converted into a bitcoin mining farm. A deputy warden and his accomplices are under investigation for their suspected role in constructing the crypto farm after being accused of stealing electricity to produce digital currencies. The Butyrskaya prison in the Tverskoy District […]