One of the first foreign cryptocurrency companies to take advantage of a Russian free trade zone is based in Hong Kong. Among other ventures, the company plans to build a cryptocurrency mining farm, a crypto museum, and provide training on a Russian island.
Mining Farm on a Russian Island
Hong Kong Company Set to Launch Crypto Mining Farm and Museum on Russian Island
Russky Island.
A Hong Kong-based company called Genesis Engineering is planning to set up a cryptocurrency mining farm and an artificial intelligence laboratory on Russia’s Russky Island, RT reported on Thursday. The island is located off the coast of the Russian Far East city of Vladivostok.
Genesis Engineering is a joint venture between Btc Inc and Genesis Mining, created earlier this month. “The venture will focus on development in regions around the world that have excess energy capacity, including the Americas and Eurasia,” the companies described.