Crypto mining data centres to be built in Ukraine

Ukraine plans to build new cryptocurrency mining data centres
  • Ukraine plans to build massive crypto mining data centres in the Rivne
  • It is expected that the centres will be built by 31st August next year
  • Bitfury will operate multiple data centres with a total consumption of 2gw

Crypto mining data centres beside nuclear plants would be an excellent project for Ukraine. The Ukrainian government plans to build the massive data centres in Rivne for mining operations and host state documents. Energoatom, the nuclear power plant, has chosen Kyiv Energy Construction Company to carry on with the crypto mining project. It is known that the construction firm is chosen by a bidding process, where only two firms were present. However, it is expected that the data centres will launch in 2022.

Crypto mining data centres will be based in the Rivne

Following the official documents, it is revealed that the crypto mining data centres will be based in the Rivne, next to Energoatom. Kyiv Energy Construction Company, the firm building the centres, got 8.92 million Hryvnia ($3,17,620). According to the regional news outlet Forklog In the bidding process, the construction firm had only one competitor, Ukrenergobudproek. Indeed, both firms made an expensive offer.

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It is expected that the construction work will be finished by next year, 31st August. The contractor will need to send the required documents with the details of the entire process. Indeed, the process includes host state registers, computing facilities, and electronic archives.

The nuclear plant had signed a subsidiary with Bitfury

Energoatom, built in the late 1970s, has a capacity of around 2,657 megawatts. Last year in October, the nuclear plant had signed a memorandum with a subsidiary of Dutch mining firm Bitfury. According to several local news media outlets, the new data centre could move the crypto mining giant’s miners into Energoatom’s facilities. However, Bitfury will operate multiple data centres with a total mining consumption of 2 GigaWatt.

The move of Energoatom has not surprised

It is found that the deal between the nuclear power plant and the construction firm has not surprised. In May last year, the Ukraine Ministry of Energy asked the power plant to conduct research to assess the crypto mining capability at their plant. 

According to a report it is also found that back in 2019 the Ukraine Security Service have found illegal crypto mining equipment in Energoatom. The installation of the mining rigs was found in the Southern region of the nation. However, the investigation had also revealed that such equipment breached a state secret.

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Ahtesham Anishttp://www.thecoinrepublic.com
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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