Gazpromneft, the third-largest oil producer in Russia, is partnering with Swiss-based bitcoin mining company BitRiver to mine bitcoin with excess resources.
- Russia’s third-largest oil producer, Gazpromneft, is entering the bitcoin mining space.
- Gazpromneft will be partnering with Swiss-based bitcoin mining firm BitRiver to deliver energy resources to new and remote oil field locations.
- BitRiver was previously sanctioned by the U.S. for reportedly assisting Russian avoidance of sanctions.
The third largest oil producer in Russia, Gazpromneft, is partnering with Swiss-based bitcoin mining firm BitRiver to build out mining operations located at oil fields according to a memorandum from the St. Petersburg International Economic Forum.