Binance announces partnership with BitRiver’s World-Class Cryptocurrency Mining Data Center in Siberia
July 17, 2020 - Binance, the blockchain company behind the world’s largest cryptocurrency exchange by trading volume and users, today announced the partnership with BitRiver - one of the largest hosting providers for mining in the CIS. BitRiver has added a node of Binance Pool to its world-class and full-service cryptocurrency mining datacenter in the city of Bratsk, Russia. The partnership is aimed at creating a qualified infrastructure for the entire crypto community and mining industry in Russia and CIS.
Binance Pool’s node will enable BitRiver’s customers to have a more reliable and higher quality connection between their mining devices at BitRiver’s data center and Binance’s mining pool.
It is worth noting that Binance announced the launch of Binance Pool - a comprehensive mining platform in April 2020. Binance Pool provides more opportunities and financial tools for miners and the mining industry. Binance Pool is integrated into the Binance ecosystem, allowing users access to its suite of derivatives products including Binance Futures, Spot and Margin trading, Binance Savings, Binance Staking, and OTC services.
“Binance Pool offers a highly competitive fee structure to institutional-scale miners, who are the customers of our data center. By having Binance Pool’s node in our data center, our customers from across the globe can now enjoy a more reliable and higher quality connection to Binance Pool,” said Igor Runets, CEO at BitRiver. “This would not only reduce network latency and potential downtimes but also lower the rejection rate of blocks, directly translating into business gains for Binance Pool users in our data center.”
Gleb Kostaev, Head of Binance at Russia and CIS, noted: “Bitriver is one of the largest data centers in Russia and CIS and we highly appreciate that the company tested and evaluated our range of services for cryptocurrency miners. Binance’s and BitRiver collaboration allows strengthening the level of services to the customers and expanding the access”.
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com.
About Binance Pool
Binance Pool is an inclusive cryptocurrency mining platform, dedicated to empowering miners and the mining industry. Binance Pool connects miners to Binance’s suite of financial products, including Binance Futures, Spot & Margin trading, Binance Lending, and Binance Staking. By fully leveraging the benefits of an exchange platform, Binance Pool offers users lower trading fees and more comprehensive services to increase opportunities and enable miners to earn more. For more information on Binance Pool, visit https://pool.binance.com/.
Founded by Igor Runets in 2017 and headquartered in Moscow, BitRiver LLC provides hosting services and turnkey solutions for large-scale cryptocurrency mining operations to institutional investors around the world. BitRiver employs over 50 full-time staff in three offices across Russia and full-time sales representatives in China, Japan, UAE, and the USA. With a vision of powering the most promising tech of today and tomorrow through low cost and sustainable energy, BitRiver currently utilizes only surplus hydroelectric power to operate the largest data center that offers co-location services for cryptocurrency mining in Russia and the CIS region.