Two of the most western regions of the Russian Federation have announced their plans to accommodate facilities for bitcoin production. The governors of Kaliningrad and Leningrad have revealed their interest in cryptocurrencies and outlined their serious plans to develop the mining industry in their regions.
Alihanov expects that the mining hardware should offer additional benefits if used in a symbiosis with the booming greenhouse sector in the region: Kaliningrad is producing tons of strawberries. If the mining farms are built close to the strawberry fields, they can provide the necessary heat during the cold months to heat the greenhouses.
Alihanov, noted that following his rich “experience” with stock and bond trading in the past, he himself would consider investing more in the crypto market only when they become more stable. But for now, he would keep distance.
The Leningrad governor, Alexandr Drozdenko, the crypto mining project will be implemented when the old equipment of the LAES is decommissioned but the region has cheap electrical energy, cooling system and reliable transmission grid that will streamline the productions of bitcoins.
The regional authorities in Kaliningrad and Leningrad are now pressing the federal government in Moscow for strict regulations covering major crypto mining issues to accommodate local crypto miners and welcome foreign investors.