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Assets
Education
Runets in 2009 graduated with honors from the Ural State Technical University in the field of electrical engineering and informatics. In 2017, he received an MBA from Stanford University and then began creating the first mining data center in Bratsk. As Bloomberg notes, it was while studying at Stanford that Runets thought about building a cryptocurrency mining site.
Biography
2017-2019
Since November 2017 - General Director of Bitriver (Bitriver Rus LLC).
For November 2019, he is also one of the owners of Bitriver through the parent company Fox Laboratories.
2024: Fortune reaches $230 million
At the end of September 2024, the state of Igor Runts, general director of Russia's largest operator of mining data centers Bitriver, reached $230 million. Such data are given in the Bloomberg material, which TAdviser got acquainted with in early October 2024.
Siberia was not chosen for the deployment of mining data centers by chance. Long and cold winters in Bratsk allow the server equipment to cool naturally. In addition, the necessary energy resources are available in the region. Bitriver minimizes environmental impacts and uses inexpensive electricity from renewable sources for mining. Among the company's early clients were Runtz's fellow Stanford students.
As stated on the Bitriver website, as of 2024, the company's infrastructure includes 5 operating data centers with a total capacity of more than 533 MW. More than 175 thousand units of computing equipment are located at these facilities. Bitriver does not mine on its own, but only provides equipment and technical services. Customers pay for a unit of capacity to mine cryptocurrency, plus other costs such as service charges.
According to the Bloomberg Billionaires Index, the 38-year-old Runts's fortune has grown amid an increase in the bitcoin exchange rate. The estimate of $230 million was made based on the approximate cost of Bitriver and the capacity of the company's data centers (about $215 thousand per 1 MW).[1]
Notes
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