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Crypto mining is drawing in the world’s top renewables producers

As reported by cointelegraph.com on Nov 05.2020, En+ Group, which is the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture.

The new venture, called Bit+, will concentrate on creating facilities that support crypto mining with a low carbon footprint. En+ Group’s partner in Bit+ is the Russian company BitRiver that provides turnkey solutions for large-scale, institutional crypto mining operations.

At the moment, BitRiver operates the largest data center offering colocation services for Bitcoin mining in the Russian Federation.

The first result of the Bit+ venture is the installation of a new facility close to BitRiver’s existing data center in Bratsk which located in the Irkutsk region of the Russian Federation. En+ Group has committed 10MW of electricity to the facility. The companies have plans to scale the facility’s capacity to 40MW.

For its initial phase, the facility is composed of 14 modular units, each of which is a converted shipping container that is as large as a full-scale crypto mining data center. And each unit can accommodate up to 400 of Bitmain’s S19 Pro miners.

In an official statement En+ Group said:

“Our energy assets in the [Irkutsk] region produce low-carbon, inexpensive electricity from renewable sources, and we are able to offer surplus energy to these partnerships. Moreover, the low average annual temperature reduces the energy required by the datacentres, making them more efficient and further minimising their carbon footprint.”

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