En + and BitRiver will create a mining center in Bratsk with a capacity 40 MW

One of the largest producers of aluminum and electricity in the world EN+ In cooperation with Bitriver, he will create a mining enterprise in Russia with capacity to 40 MW.

According to the financial director of EN+ Mikhail Hardikov, The company decided to do mining cryptocurrencies after several experiments in this area. Three years ago, the company began to cooperate with the Bitriver mining company, which buys from EN+ electricity for his farm in Bratsk.

Bitriver owns a mining center of power 100 MWs near the Bratsk hydroelectric power station, on which the ASIC majority of the company's customers are located. The company also plans to expand activities in neighboring regions, And the partnership with En+ will contribute to future growth.

En+ owns four large hydroelectric power stations in Siberia and produces about 7% electricity of the country. En+ and Bitriver have united to create a new farm, At the same time, En+ owns 80% shares, And Bitriver – 20% in a joint venture. The initial power of the site, which will be located near the existing Bitriver farm, will make up 10 MW with the potential for expansion to 40 MW.

“Our main business – combination of electricity and aluminum production, which allows you to supply electricity directly to the factories, and do not sell it through a power grid to consumers. Date centers, especially for mining farms, An even more attractive way to turn electricity into a product ", – Hardikov said.

He added, that EN+ wants to get more miners as customers and offers to place their farms in the immediate vicinity of the company's power plants. “We have objects with accessible electrical infrastructure, From small on 10-30 MW to large enterprises on 100-120 MW ", – Hardikov said. According to him, EN+ actively lobbying the interests of the cryptocurrency industry in Russia and negotiates as with the government, and with market participants.

“Reasonable regulation of the cryptocurrency industry will help the development of other sectors of the economy, eg, production of energy and other industries ", – Hardikov said.

General Director of Bitriver Igor Runets notes, that the partnership will help the company to capture an even greater market share.

“We plan to significantly increase the power of our data processing centers in 2021 year, and partnership with the largest private hydropower company in the world is important to achieve this goal ", – He said.

The rune added, that the status of a partner, not a client En+, will help reduce costs and establish relations with the power supplier.

More and more large mining farms appear in Russia. Recently, Bitcluster launched
Mining farm power 11.2 MW in Norilsk. Last month, Minespot said
about plans for opening a center for cryptocurrency mining with power 160 MW in Kodinsk. The MineSpot company announced plans to open a center for mining cryptocurrencies with a capacity of.