Russia’s largest region to mint crypto at the gas wells of diamond mining giant
Yakutia, the vast and energy-rich region in the Russian Far East, is planning to mine cryptocurrency with the global leader in diamond extraction, Alrosa.
The local government is now exploring options to install coin minting facilities at gas wells operated jointly with the giant producer of precious stones.
Yakutia wants to mine Bitcoin at Siberian gas fields
Authorities in the Republic of Sakha, as Yakutia is officially called, are considering building crypto farms at the sites of two massive natural gas deposits in its territory.
The Ulugurskoye and Ergedzheyskoye gas fields are being developed by Ulugurneftegaz, a joint venture between the local energy company Sakhatransneftegaz and Alrosa.
The Russian business daily Vedomosti…
