Gazprom’s Oil Unit Plunges Into Crypto Mining ...Middle East

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Gazprom’s Oil Unit Plunges Into Crypto Mining
source : OILPRICE ( Middle East ) () 34
Gazprom Neft, the oil unit of Russian gas giant Gazprom, has launched a cryptocurrency mining operation at one of its oil sites in Siberia, CoinDesk reported on Wednesday. Gazprom Neft, the third-largest oil producer in Russia, is using associated gas from an oilfield in the Khanty-Mansiysk region of northwestern Siberia to generate electricity it sells to the crypto mining operations, CoinDesk reports. Cryptocurrency mining requires a lot of electricity, and Siberia is thought to be an ideal place for crypto mining, the BBC said in a news story…

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