The US Treasury's Office of Foreign Assets Control added cryptocurrency miner BitRiver and 10 subsidiaries to its Specially Designated Nationals list on Wednesday.
Russia-based cryptocurrency miner BitRiver and 10 subsidiaries to its Specially Designated Nationals list."By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources," the Treasury's announcement said."The United States is committed to ensuring that no asset, no matter how complex, becomes a mechanism for the Putin regime to offset the impact of sanctions.
Gibbs said, “I understand the sanctions; in this case the punishment is outsized for American miners,” Bloomberg reported. Still, the Texas crypto business is booming, as Gibbs estimated that it may add 3,500 to 5,000 megawatts of capacity within two years, including at Compass sites. “The majority of our expansion is going to be in Texas,” Gibbs said.
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