Russia's largest bitcoin mining company, BitRiver, is preparing to significantly expand its scale

BitRiver, a newly founded Bitcoin mining company in Siberia, has become the owner of the largest Bitcoin mining farm in Russia. The company has now taken control of a former Soviet-era aluminum plant and is preparing to transform it into a Bitcoin mining farm. Prior to this, the aluminum plant helped drive the development of the city of Bratsk, making it one of the largest data centers in the post-Soviet period.

Russia is a country that supports cryptocurrency mining and its residents are very interested in this field. Cryptocurrency mining activities in the country have been frequent. Russia provides funding to developers and Bitcoin miners. Currently, the country hopes to increase its participation in Bitcoin mining to 20% of the world. BitRiver itself is not a mining machine producer. It supports other mining pools by providing cheap electricity to them. The power plant receives nearly 100 megawatts of electricity per year from En+. This allows them to promote mining on a large scale.

BitRiver could become even bigger if it received more energy globally. Bitcoin mining consumes 73 terawatts of electricity per year. This makes BitRiver look like a relatively small mining farm that contributes less than 0.01% of the global supply. The power plant in Bratsk generates more than 22.5 terawatt hours of electricity. This energy is used for various purposes, only a small part of which is used for Bitcoin mining. This energy could be used to expand a larger Bitcoin mining facility. Although there are customers from the United States, China, and Japan using BitRiver's hash rate, its actual hash rate remains unknown. Currently, with the halving approaching, the mining rate of Bitcoin is very high. This is common because miners want to increase their income before the block reward is halved.