Report: Number of Crypto Mining Companies in Russia Reaches 75,000

Report: Number of Crypto Mining Companies in Russia Reaches 75,000

According to the Russian Association of Cryptocurrency and Blockchain (RACIB), the number of cryptocurrency mining companies increased by 15% to 75,000, employing more than 350,000 people as of the first half of 2018. As of July 2018, Russia accounted for 6% of the global mining market, up 1% from a year ago, with the United States and Canada still in the lead.

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