According to the news, the Russsian Mining Company (RMC) is going to reuse the metal factory in the country’s northern province of Karelia. It was closed in 2018 due to US sanctions but it could now host a bitcoin mining farm so large it could account for one-fifth of global output. Marinichev directed RBC through a $43 million initial coin offering (ICO) in 2017, a sale that remains Russia’s largest.