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.
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.
BitRiver CEO Igor Runets is valued at $230 million, with Russia's crypto mining growth surpassing the US.
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.
