Nuclear power plants will help with bitcoin mining in Ukraine

expert he believesthat miners will help power plants take advantage of current surpluses of electricity. Therefore, last year, the state-owned company Energoatom concluded an agreement with the little-known local company H2 on cooperation in the construction of a data center near the Zaporizhia power plant. According to some sources, it should be one of the largest in Europe, with the investment could climb to $ 700 million, about 14.6 billion crowns.

The media also state that the financing was promised by the company registered in Cyprus, Yom Capital, with an unclear structure and activities. However, the project clearly has strong support from the highest levels, including President Volodymyr Zelenský.

Another cryptocurrency farm is expected to grow at a nuclear power plant near the city of Rivne in western Ukraine. The contract for the construction of the building was won at the beginning of the year by a company with Kiev. However, Energoatom is cooperating on the project with the Dutch company Bitfury, which specializes in cryptocurrency activities. They are planning other centers together.

According to the magazine, Ukraine wants to attract as many companies dealing with cryptocurrencies in the coming years. It is therefore preparing various tax breaks.

“We have a large pool of talent and a strong community of blockchain developers. Once we pass the legislation, Ukraine will become one of the world’s top cryptocurrency destinations, ”said Oleksandr Borňakov, Deputy Minister for Digital Transformation.

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