BitRiver Partners with NY-based Wattum to Strengthen Presence in North American Market


Investors in North America can now get risk guarantees and after-sales support from Wattum for hosting cryptocurrency miners in BitRiver’s world-class data center in Russia

MOSCOW, RUSSIA, August 5, 2020 - BitRiver announced today that it has partnered with NY- based Wattum Management to provide more risk guarantees and native after-sales’ support to North American customers of its state-of-the-art data center, the largest provider of co-location services for cryptocurrency mining in Russia and CIS countries.

BitRiver’s data center currently utilizes 70MW out of its total capacity of 100MW to provide colocation services to cryptocurrency miners and turnkey bitcoin mining solutions to institutional investors around the world. Its customers are located in over 17 countries, including the USA and Canada. BitRiver hopes to increase its customer base in North America through this partnership with Wattum.

“Through this partnership, Wattum can provide an extra level of security and insurance to those in North America who would like to host their mining machines at BitRiver’s facility in Russia, as well as providing full Management and US-support to the customer. From our side, we take over the legal part and offer the possibility of financing of the equipment. In certain unforeseen events where something goes wrong, we can provide their clients with a machine replacement or even a refund,” said Arseniy Grusha, Founder, and CEO at Wattum.

“Earlier this year we set up a full time sales’ presence in North America. This partnership is another step to make it easier for investors in North America who would like to avail BitRiver’s low-cost and enterprise-class cryptocurrency mining solutions from Russia,” said Igor Runets, Founder and CEO at BitRiver.

Russia, which according to Cambridge University’s Bitcoin Mining Map ranks nearly second in the list of countries that account for most of the world’s bitcoin mining, is increasingly becoming attractive to bitcoin miners around the world. Last month, the world's biggest cryptocurrency exchange Binance, announced a partnership between its cryptocurrency mining pool and BitRiver to capture more of the mining activity in Russia.

About BitRiver: 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 nearly 100 full-time staff in three offices across Russia and full-time sales’ representatives in China, Japan, UAE and 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.

About Wattum: Wattum was founded by Arseniy Grusha in 2017 with the goal to provide a full turn-key mining solution for the cryptocurrency mining industry. Wattum currently employs multiple teams of industry-level technicians and software developers to provide specialized ASIC firmware, On-site certified repairs, and unparalleled support. With Wattum store users can always find the new equipment and sell their old ones.
Recently expanding across both the American and Canadian markets, Wattum has proven to be a company that can provide full remote management for all mining operations.

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