Russian Metals Plant to Start Bitcoin Mining

Oct. 29, 2019
The Russian Mining Company plans to ramp up bitcoin mining across Russia. Igor Kralj / PA Images / TASS
A Russian aluminum plant closed as a result of U.S. sanctions is set to be transformed into a bitcoin mining hub.
The Nadvoitsy Aluminum Plant in Russia’s northern Karelia region, owned by Russian metals giant Rusal, stopped production last summer after it lost access to American customers following the introduction of U.S. sanctions against Rusal in April 2018.
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