- Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated.
- If 1.6% of the associated gas, which is currently flared, was used for mining, then the annual income of the miners involved would double to 2.5 billion rubles.
- In June, Russian crypto media reported that Bitriver has signed a memorandum of cooperation with Gazprom Neft, the oil production arm of Russia’s energy giant Gazprom, to utilize electricity generated from associated gas at its wells.
Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say
