Four thousand kilometres from Moscow, a Russian firm operating a vast data centre run on cheap local hydroelectric power is reaping the rewards of #bitcoin’s surging prices and plans to double its power output this year reut.rs/3l7bgKg @alexmarrow57 1/5 
The company could already be responsible for as much as 2% of global #bitcoin mining.
BitRiver hosts equipment at its 100-megawatt data centre for foreign miners of the cryptocurrency from the U.S., Europe and Japan who want to harness the region’s cheap energy 2/5
BitRiver hosts equipment at its 100-megawatt data centre for foreign miners of the cryptocurrency from the U.S., Europe and Japan who want to harness the region’s cheap energy 2/5
The price of #bitcoin has risen almost 300% since the start of November and topped $50,000 dollars for the first time last month 3/5
Russia granted cryptocurrencies legal status last year, but banned them from being used as a means of payment.
This arrangement reduces the financial impact of bitcoin price swings on BitRiver 4/5
This arrangement reduces the financial impact of bitcoin price swings on BitRiver 4/5
One of the primary concerns leveled at bitcoin miners is their carbon footprint. Runets said BitRiver uses more than 90% green power as it builds data centres in regions with electricity surpluses and renewable energy sources nearby. Read more reut.rs/3l7bgKg 5/5
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