Siberia glassware factory to mine bitcoin

Largest manufacturer of glass in Russia is going to spend ₽11 mln to initiate the first stage
17 March 2018   386

Glassware plant Ekran in Novosibirsk has announced its plans to take part in cryptocurrency activity and invest ₽11 mln into its own Bitcoin mining farm. Such decision was made due to the presence of surplus space and electricity resources. This situation became possible as several years ago Ekran industrial park was established around the factory's site, and the occupied territory in sum got enormous. And so, for instance main building of an unoccupied school that is within the plant's territory is set to be repurposed for housing all of the mining equipment.

We are going to build a farm that will be used for mining cryptocurrencies there. Already, we have spent about 11 million rubles on a phase of the project. The mining facility will become operational by year’s end if the board approves the project.


Pavel Boboshik

President of the board of directors, Ekran

The region of Siberia has a direct access to a profusion of energy resources that makes the electricity so cheap. The latter in turn makes the region a pretty attractive place for mining operations.

Iceland Mining Farms Thief to be Caught in Amsterdam

Sindri Thor Stefansson,  suspected of stealing 600 mining computers, was detained in the evening of April 22 in the center of Amsterdam
24 April 2018   93

The Dutch police detained Icelander Sindri Thor Stefansson, suspected of stealing 600 computers used for mining crypto-currency. This is reported by the Iceland Monitor.

According to law enforcers, the suspect was detained in the evening of April 22 in the center of Amsterdam. The police refused to disclose details of the special operation. The prosecutor's office is working on his extradition to his homeland.

Sindri Thor Stefansson
Sindri Thor Stefansson

Since December 2017 in Iceland, a series of robberies occurred, which resulted in the abduction of about 600 farms for the mining of bitcoins and other crypto-currencies in the amount of almost $ 2 million. As part of the investigation of the incident, 11 people were arrested, including Stefansson.

In April, he managed to escape from prison to Sweden. He jumped thru the window and flew to Europe without any documents. Policemen believed that he had a person, who helped him. Another interesting fact is that this aeroplane reportedly carried the Icelandic prime minister.

Bitcoin mining farm heist was one of the biggest heist in modern history of Iceland.