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.