US Crypto Mining Company Plans to Sell $30M Worth Equipment in Russia to Dodge Sanctions

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Compass Mining is selling around $30 million in Bitcoin mining equipment located in Siberia in a bid to avoid sanctions imposed by the US.

With the West leading the fight with sanctions, a US-based company – Compass Mining – is planning to sell around $30 million in Bitcoin mining equipment located in Siberia.

The Russian servers that Compass is willing to get rid off represent about 15% of its current capacity. Gibbs expects that the company’s operating capacity could potentially expand to 355 MW by the end of the year, from about 70 MW, after clearing out equipment in Siberia.

 

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