Bitcoin eyes $160K by year-end, says Russian mining firm BitRiver. Institutional adoption and market momentum may fuel altcoin and meme coin frenzy.
BitRiver, a leading Russian mining company, plans to triple its mining capacity by adding 1 GW, aiming to surpass 1.5 GW total capacity. This expansion could strengthen Russia's global mining standing but raises concerns about energy strain, prompting a need for energy efficiency measures.
BitRiver claims Bitcoin can surpass $100k in a few days.
BitRiver executive believes Russia's rapid crypto mining growth can establish it as a global AI leader.
BitRiver and RDIF collaborate to set up crypto mining and AI computing in BRICS nations, reducing reliance on Western tech.
AI businesses in BRICS countries could boost their GDP by $370 billion annually. This growth follows a partnership between RDIF and BitRiver focusing on AI and crypto mining development.
RDIF invests in BitRiver's mining centers across BRICS countries to boost Russia's role in global computing and cryptocurrency mining.
Russia partners with BitRiver to develop cryptocurrency mining data centers in BRICS nations, aiming to boost GDP by $370 billion annually through AI projects.
Bitriver and RDIF are partnering to expand data centers and AI projects in BRICS countries, aiming to strengthen Russia's position in AI and crypto mining.
Russia and BitRiver are expanding their crypto mining operations into BRICS nations, marking a significant development for the region.
The Russian state and BitRiver plan to build data centers in BRICS nations to expand crypto mining.
Russia's Bitcoin mining industry may surpass the U.S. in 2-3 years, thanks to new mining laws and industry growth, Igor Runets of Bitriver suggests.
BitRiver's CEO, Igor Runets, predicts that Russia will surpass the U.S. in Bitcoin mining by 2027 due to favorable regulations. Russia's crypto mining growth matches U.S. rates, with a current energy consumption of 2.5 GW compared to the U.S.'s 7 GW.
Russian company BitRiver operates 15 data centers with over 500 MW capacity, positioning itself as a major player in the global cryptocurrency mining industry.
Russia's crypto mining growth is surpassing that of the U.S., reaching 2.5 gigawatts. Following recent legalization, interest and investments from major companies have surged.
BitRiver CEO Igor Runets' fortune has reached $230 million due to the rapid growth of the crypto mining industry in Russia, with the company operating 15 data centers attracting global clients.
Russia’s crypto mining capacity has reached 2.5 gigawatts, showcasing its rapid industry development and potential global leadership.
Russia's crypto mining boom elevates BitRiver CEO to $230M net worth, making the country a leading player ahead of the US.
Russian company BitRiver reported a revenue growth of almost 60% last year, driven by increased demand for data center services and major clients.
BitRiver CEO Igor Runets is valued at $230 million, with Russia's crypto mining growth surpassing the US.
Russian analyst Vladislav Antonov predicts growing interest in Hamster Kombat post-airdrop but warns it may wane if the game doesn't evolve.
The demand for cryptocurrency mining equipment in Russia has surged threefold following the recent legalization of mining activities in the country.
Authorities and the Industrial Mining Association clash over proposed cryptocurrency mining regulations before the State Duma's first reading, primarily concerning bans in energy-deficient regions.
SPIEF 2024 discussed the economic impact of cryptocurrency mining in Russia, highlighting regulation needs, economic benefits, and international cooperation. Experts emphasized mining's role in investment, job creation, and cross-border payments. The event focused on technological development and the advancement of AI within the industry.
Russian authorities are exploring an excise tax on electricity for cryptocurrency mining or a general profit tax. The excise tax would be based on kilowatt-hour consumption, while the profit tax would include all mined cryptocurrency with deductible expenses. Industry concerns include potential revenue loss and discouragement of investment.
