Bitriver (Bitriver Rus)

Bitriver (Bitriver Rus LLC) is the operator of a data center that leases its facilities. The company is part of Fox Laboratories LLC, owned by Bitriver CEO Igor Runets as of November 2019.

Performance indicators

2018: Revenue - about 14 million rubles

At the end of 2018, the revenue of Bitriver Rus LLC amounted to about 14 million rubles, a net loss of 70 million rubles.

Aktivs

As of November 2019, the company has a sales office in Moscow, a back office in Yekaterinburg and a data center in Bratsk (Irkutsk Region).

History

2022

Program for the construction of data centers in Yakutia and Buryatia

In September 2022, it was announced that the largest mining operator in Russia, BitRiver, will build new data centers in Yakutia and Buryatia. For business, these regions are attractive for cheap electricity and tax breaks. The first of the data centers in Buryatia with a capacity of 100 MW is already under construction.

Memorandum with Gazprom Neft on mining cryptocurrencies in oil fields

In mid-June 2022, Gazprom Neft and BitRiver signed a memorandum of cooperation in the field of cryptocurrency mining. Read more here.

Falling under US sanctions

On April 20, 2022, against the background of Russia's special operation To Ukraine USA , sanctions were imposed against the largest data center for mining cryptocurrencies Bitriver, which leases a building near the Bratsk Aluminum Plant and the Bratsk Hydroelectric Power Station. Media reports that Bitriver is linked to. Oleg Deripaska

2021: Giant mining migration from China

In 2021, Russia became the largest recipient of cryptocurrency mining devices from China after the ban on mining in the Celestial Empire.

The Russian mining hosting BitCluster company accepted over 5,000 devices within a few weeks after the ban on mining in, and China BitRiver claims that over the past months it has deployed 1.8 million miners from China. The company had to reject the offer of a client who wanted to bring another million devices. Many are running out of space.

2020: Creation of a mining farm in Siberia in conjunction with En + Group

On November 5, 2020, aluminum and electricity producer En + Group announced the creation of a joint venture with the operator of the BitRiver cryptocurrency mining center. The partners agreed to develop projects in the field of cryptocurrency mining using renewable energy. More detailed here.