By CryptoNews - 2 years ago - Reading Time: 1 minutes
American Bitcoin Miner Aims to Sell USD 30M Equipment in Russia to Avoid Sanctions
US-based Bitcoin (BTC) & crypto mining company Compass Mining aims to sell USD 30m worth of mining gear currently stuck in Siberia to buyers in Russia in a bid to avoid possible sanctions by the US and the EU.
Whit Gibbs, CEO of the Texas-based company, has told Bloomberg that the mining servers have a capacity of 12 megawatts and can't be moved out of the country, adding that the proceeds from the sale will be used to pay off roughly 2,000 customers who own the equipment....
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Original source: CryptoNews