- A Russian nuclear power plant is to allow space to crypto miners
- Excess power to be sold to miners at a low rate
Russian state atomic power regulator Rosatom State Atomic Energy Corporation has announced that it is renting space near one of its nuclear power plants to mining companies operating in the country. The nuclear power station Udomlya is located 200 miles northwest of Moscow.
According to Rosatom officials, the company spent USD 4.8 million on this power plant and now aims to make use of the vast resources of the plant by renting out space just outside the nuclear power plant to mining companies in the country, very similar to the operations being done by data centers around the world.
According to Sergei Nemchenkov, head of the digital department at Rosatom:
“Both data centers and miners are large energy consumers with a stable demand… For us, it’s a way to diversify.”
Rosatom is one of the world’s most progressive government energy agencies in the world and has facilitated Russian and even foreign cryptocurrency miners across the Russian nuclear economy. Other than using nuclear energy for mining purposes, miners are also making good use of the massive industrial centers around the country that are remnants of the cold war and collecting rust.
All of these steps are helping Russian become one of the leading countries when it comes to cryptocurrency mining.
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