#BinanceAlphaAlert
Bitcoin: $130k By Enld of Summer?
At the time of writing, Bitcoin prices are wavering around the $105k mark following a brief foray into $111,000 territory in mid May.
GIS Mining is one of Russia’s top 10 industrial miners, and mainly specializes in mobile units and mining hotel facilities. Per recent figures, the company’s mining capacity for Financial Year 2024 was 53 MW.
The country’s 10 biggest mining firms posted a collective total of $200 million in revenue in FY2024. Over half of this revenue came from the nation’s two biggest miners: BitRiver and Intelion.
Girya explained that the Russian mining sector is set for another burst of growth this year. He said that the sector was experiencing “record-breaking” demand for new crypto mining data centers with a capacity of up to 100 MW.
The mining chief added that demand for equipment capable of “energy-intensive blockchain computing” was also skyrocketing.
Insiders say that in the first half of 2025, demand for crypto mining hardware outstripped supply.
They claim that since Moscow legalized and began regulating crypto mining in 2024, more investors have entered the market.
The ruble’s rise against the dollar this year has also made crypto mining investment more viable for many.
