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New collaboration to help ensure a low carbon footprint in bitcoin mining

New collaboration to help ensure a low carbon footprint in bitcoin mining

Quick take

1 minute read

  • Earlier this year, the top producer of low carbon aluminium in the world and the biggest private-sector generator of hydropower, En+ Group had started its very first crypto mining joint-venture.
  • Called Bit+, this new corporation will look at creating facilities that support crypto mining ensuring that there is a low carbon footprint in the process. 

Earlier this month, the top producer of low carbon aluminium in the world and the biggest private-sector generator of hydropower, En+ Group had started its very first crypto mining joint-venture.

Called Bit+, this new collaboration will look at creating facilities that support crypto mining ensuring that there is a low carbon footprint in the process. In this collaboration, En+ Group is going to partner up with a Russian based company called BitRiver. They provide hosting services and turnkey solutions for crypto mining operations on an institutional level.

In providing its services across the country, BitRiver operates currently in the Russian Federation as the biggest data centre providing colocation services for mining the leading cryptocurrency.

At first, the result of this venture will be to set up a new facility close to the current data centre in Bratsk for BitRiver. 10MW of electricity has already been provided by En+ Group with the company having plans to scale the capacity of this facility to around 40MW.

During its first phase, the facility is going to be composed of 14 modular units with each unit being able to accommodate up to 400 Bitmain S19 pro miners.

The company has provided an official statement highlighting some of the contacts in regards to the choice for using such a region and lower-carbon solutions to address crypto mining.

“Our energy assets in the [Irkutsk] region produce low-carbon, inexpensive electricity from renewable sources, and we are able to offer surplus energy to these partnerships. Moreover, the low average annual temperature reduces the energy required by the datacentres, making them more efficient and further minimising their carbon footprint.”

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