Deripaska decided to earn some money by mining

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Oleg Deepercutt: Maxim Blinov / RIA Novosti

En+ Group, owned by Oleg Deripaska, is prepared in 2018 to sell the crypto currency miners 100 MW of electricity worth about 980 million rubles. On Wednesday, February 14, the newspaper “Vedomosti”, owned by the family Demyan Kudryavtsev.

As the CEO of En+ Maxim Sokov, the group is in talks with several funds, attracting investments in construction of mining farms — they will be the consumers of electricity. En+ will offer to build farms next to their power plants in Irkutsk, Bratsk and Ust-Ilimsk. As reported Juices, funds collect a pool of investors, including Chinese and American. Electricity rates for miners were not disclosed. It is expected that similar steps will diversify the portfolio of clients of En+.

The head of research and forecasting ACRES Natalya Porokhova estimated possible revenue of En+ from the sale of electricity in manners ranging from 10 to 15 million dollars. The analyst of “VTB capital” Vladimir Sklyar noted that on the basis of prices in 2017, the company may earn 980 million rubles. A source familiar with the managers of En+, said that figure is close to the group’s expectations.

In late January, newspaper with reference to the concept of mining regulation prepared by the Ministry of communications, announced that the Agency is going to allow the mining of cryptocurrency companies and citizens, however, intends to control the process using a special detection system for miners. She, in particular, will reveal the structure of electricity consumption. The document said that the miners will determine the quota of electricity and a special rate.

Video, photo All from Russia.



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