Russian company <a href="https://ultramining.com/news/rossiya-sravnyalas-s-ssha-po-tempam-rosta-majninga-kriptovalyut/" rel="noopener noreferrer nofollow">BitRiver</a> reported a revenue growth of almost 60% last year, reflecting the dynamic development of the cryptocurrency <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> in the country. The firm's success is linked to the increased demand for data center services and the attraction of major clients from various countries. BitRiver operates 15 <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a> with over 500 MW capacity, providing <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/" rel="noopener noreferrer nofollow">hosting</a> and maintenance services for <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a>. The company is actively expanding its infrastructure, investing in new projects and technologies. Analysts note that such a significant revenue increase confirms BitRiver's leading market position and the overall prospects of Russian mining.

BitRiver’s Revenue Increased by Nearly 60% Last Year

Ultramining_Eng

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