HomeCryptocurrencyBitcoinBitcoin Mining Farms Invited to Russian Leningrad Region

Bitcoin Mining Farms Invited to Russian Leningrad Region


Alexander Drozdenko, governor of the Leningrad region in Russia, issued a general invitation to miners to use land in the region for mining farms, per 47news.ru. He has offered to utilize the Leningrad Nuclear Power Plant (LNPP) as a space for new cryptocurrency mining.

The announcement came as part of the third annual small and medium-sized business (SMEs) forum, called Energy of Opportunities.  More than 600 business owners and national representatives were present. The governor said:

“For the production of Bitcoins, first of all, large areas for processing and cheap electric power are required. As you know, the construction of LNPP-2 is being completed in Sosnovy Bor, and large areas of the first nuclear power plant are being liberated. The liberated facility of Leningrad NPP can be used as a technopark designed for cheap energy.”

The statements reflect a growing sentiment among the Russian government of adopting cryptocurrency as a means of national growth. Recent announcements of partnership with Ethereum, as well as opening of potential locations for ICOs show the rising embrace of Blockchain and cryptocurrencies.


Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us


Most Popular