The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass […]
Bitcoin Mining Bitriver bloomberg BTC Mining BTC Mining Equipment CEO of Compass Mining Compass Compass Mining Financial Sanctions Miners Mining mining equipment Norilsk OFAC Russia Russian Federation Sanctions Siberia U.S. Treasury Department Ukraine Ukraine-Russia war Whit Gibbs