The Republic of Buryatia will establish a Bitcoin mining facility to provide 100 local jobs.

2020-10-28 04:44
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According to the Cointelegraph, on October 28, the governor of the Buryat Republic of the Russian Federation signed a law authorizing the construction of a 13.6-acre data center in southern Siberia. The site will be home to a number of high performing industries, including bitcoin mining operations. The site is also expected to be developed by BitRiver, creating up to 100 local jobs. It will be equipped with the latest generation of ASIC miners and will last around a year. In addition to cryptocurrency mining, the site will also be used for big data and the Internet of Things. The required investment is approximately 691 million rubles (approximately US $ 900,000) and will be provided by investors from the United States, China and Japan.

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