Sanctions fuel crypto mining boom in Russia ...News

Bitcoin mining machines have been flowing into the country, CoinDesk reports The cryptocurrency mining industry has been booming in Russia in the wake of the sweeping sanctions imposed by Western countries, CoinDesk reported last week, citing experts. The outlet was told by Sergey Arestov, the CEO of miner BitCluster, that in recent months, good conditions for crypto mining have formed in Russia due in part to the rise in the price of Bitcoin. Despite pressure on banking, sanctions may have in fact boosted the Russian mining industry, CoinDesk wrote, citing a report by Cryptocurrency Mining Group (CMG). It stated

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