Latest News and Articles about BitRiver
Russia Bans Crypto Mining in 13 Regions, 50,000 Miners Impacted by Energy Crisis
Russia Bans Crypto Mining in 13 Regions: 50,000 Miners Hit by Energy Crisis Russia has launched a staggering crackdown on cryptocurrency mining, outlawing operations across 13 regions and targeting an estimated 50,000 miners to combat a devastating energy shortage. Mere months after legalizing mining in August 2024, Moscow has hit the brakes hard with a […]
Read MoreRussia’s Tax Service Targets BitRiver in Bankruptcy Amid Bitcoin Mining Ban
Russia’s Tax Service Targets BitRiver Subsidiary in Bankruptcy Case Amid Bitcoin Mining Crackdown Russia’s Federal Tax Service (FNS) has dropped a bombshell on the crypto mining industry by filing bankruptcy proceedings against BitRiver-B, a subsidiary of the country’s largest crypto mining operator, BitRiver, in the Republic of Buryatia. This action, rooted in a failed $18 […]
Read MoreRussian Crypto Mining Giants BitRiver and Intelion Hit $200M Revenue in FY2024
Russian Crypto Mining Giants BitRiver and Intelion Report $200M Revenue in FY2024 In the heart of Russia, BitRiver and Intelion have showcased the robust growth of the crypto mining sector, amassing a combined revenue of $200 million in Fiscal Year 2024. Dominating over 50% of the market, these industry leaders underscore the potential of decentralized […]
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