A Russian crypto company named BitCluster is setting up a crypto mining facility above the Arctic Circle, in the industrial area near Norilsk on the Taymyr Peninsula. Initially, the new farm will be using up 11.2 megawatts of electricity for Bitcoin mining operations.
Furthermore, the new farm will work as a sort of a “mining hotel”, which means it will host app-specified integrated circuits (in sort ASICS) for its clients and charge them for the consumed electrical power.
The land on which the crypto farm is set used to be a nickel smelting plant, owned by the company Nornickel. This is an industrial corporation actively exploring the potential of the cryptocurrency and blockchain fields. One of the future projects of the company includes selling metals to the US and Switzerland in tokens. The smelting facility in Norilsk was closed down due to environmental hazards.
The spokesperson to the former industrial facility, Tatyana Arestova, unveiled that the mine will soon be ready to generate 31 megawatts of electrical power. Also, there are 150 ASICs of world leader Bitman’s latest miner model S19 making their way to the Norilsk area.
BitCluster already has its first client – an unknown entity coming from China. The challenge the Russian company is currently working on is moving the mining tools of its client from the Sichuan Province to Norilsk, where the price of electricity is significantly lower than China’s, especially in this part of the year.
