The Russian New Mining Company is a well-known business that is offering an industrial level of crypto mining solutions and opportunities. They have been working actively on investing in Norway. The company wants to install thousands of mining units in a new farm. The project, which is worth a billion Norwegian kroner (about $125 million USD), comprises local companies as well.
Construction is to begin in August, however, eight containers of equipment have already been delivered to the site in the municipality of Alvdal. A lot of crypto companies from Israel, China, Japan, Kazakhstan and the US are already implanted in the region, and they offer low electricity rates and developed communications infrastructure. Some have, however, asked the question to know why Russians are so interested in Norway, considering the fact that Russia offers good conditions for miners.
October 5 is the set date for the largest NATO-led military exercise in the history of the Nordic member-state: Trident Juncture 2018, to begin. This event will take place in the neighboring municipality of Tynset, not that far from the planned concentration of Russian computing power. 40,000 troopers and 130 aircraft will be deployed south of Røros, a municipality in the Trøndelag county.
A publication from the Norwegian daily Aftenposten says that the proximity of the Russian crypto mining facility to the theater of the planned maneuvers of the Alliance has attracted the attention of the Norwegian special services. The local community is wondering why the sudden interest of Russians for their area.
The mining farm will be 5 km northwest of Alvdal, on the edge of a dense forest. A Norwegian newspaper says that the entire area looks like a quarry in addition to the high capacity power and optical cables that are already stretching there. Nordanvind, the company that oversees the construction has sent representatives to meet with Norwegian authorities to provide details about the project.
A Nordandvind official, Arund Løvik, said: “We believe that the arrival of the Russians [and the NATO exercise] here is a pure coincidence. It is easy to find out what kind of equipment they’ve brought in the containers. I don’t think that it can be used for anything else but mining bitcoins.”