{"id":66337,"date":"2022-08-26T13:35:53","date_gmt":"2022-08-26T10:35:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66337"},"modified":"2025-09-07T00:47:48","modified_gmt":"2025-09-06T21:47:48","slug":"sbi-crypto-ends-cooperation-with-bitriver-according-to-reports","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sbi-crypto-ends-cooperation-with-bitriver-according-to-reports\/","title":{"rendered":"SBI Crypto ends cooperation with BitRiver, according to reports"},"content":{"rendered":"

Japanese SBI Holdings, the parent company of miner SBI Crypto, has terminated its cooperation with the Russian data-center operator BitRiver, which is under U.S. sanctions. CoinDesk reports this, citing informed sources.<\/p>\n

SBI Crypto’s division housed its mining machines at BitRiver’s facilities in Siberia.<\/p>\n

BitRiver neither confirmed nor denied that SBI Holdings or its subsidiary had been their client.<\/p>\n

\n

“The SBI Group has already halted all mining in Siberia. And we are not mining in any other part of Russia. Regarding any other information, I”‘m afraid I cannot disclose it,” said a representative of SBI Holdings in response to CoinDesk’s request.<\/p>\n<\/blockquote>\n

After sanctions against Russia, they tried to sell their equipment in <\/a>country. However, he did not specify how this could be achieved without the hosting company’s involvement.<\/p>\n

In April, OFAC<\/span> imposed sanctions against the BitRiver group<\/a> that conducts cryptocurrency mining in Russia. The founder Igor Runets told ForkLog that he views this move as unfair competition.<\/p>\n

In the same month, the equipment and services provider for Bitcoin mining Compass Mining decided to sell equipment hosted on BitRiver’s platforms.<\/p>\n

Meanwhile, the Russian data-center operator continued its cooperation with UAE-based Phoenix Technology Consultants. In November 2021, BitRiver announced a deal to supply Phoenix 300 MW of hosted capacity by the end of 2022.<\/p>\n

CEO of Phoenix Munaf Ali did not comment on the relationship with BitRiver, adding only that “the company operates widely in Russia”.<\/p>\n

Read ForkLog’s bitcoin news in our Telegram \u2014 crypto news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

SBI Holdings, the parent company of SBI Crypto, has terminated its cooperation with the Russian data-center operator BitRiver, which is under U.S. sanctions.<\/p>\n","protected":false},"author":1,"featured_media":66338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1567,1137,135,27],"class_list":["post-66337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitriver","tag-cryptocurrency-mining","tag-japan","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66337"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66337\/revisions"}],"predecessor-version":[{"id":66339,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66337\/revisions\/66339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66338"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}