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Crypto Miners From US, EU Stay Put in Russia Despite War, Sanctions

This capacity, comparable to BitRiver’s, is in high demand among clients from Germany, the U.K., the U.S., Canada, Iran, Japan, New Zealand and other countries as well as local Russian miners, said MEATEC’s head of foreign relations, Alexander Swid. Europe accounts for around 50% of the mix; Russia, up to 30%. The U.S. makes up about 10% and “a big request” for placement of specialized mining chips, known as ASICs, came from the U.S. recently, Haas said.

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