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.
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.