Cryptocurrencies
Million-Dollar Box Conjures Up a Fortune for Bitcoin Visionary
The inside of a Bitcoin ‘mining rig’.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
A former New York hedge-fund titan deployed his giant, million-dollar BlockBoxes to Canadian tar-sands country. A Chinese fintech pioneer runs his off of hydropower in the Caucasus. A rich Russian with ties to the Kremlin keeps his in a communist-era factory on the outskirts of Moscow.
When it comes to scaling up Bitcoin mining, nothing compares to the sea-container-sized kits that are swelling the fortunes of Bitfury Group Ltd.’s Valery Vavilov, a Soviet-born blockchain evangelist, and self-taught microchip engineer Valery Nebesny.