Russian crypto mining chief: Bitcoin could hit 130,000 USD before summer is out

Vasily Girya, CEO of GIS Mining, forecasts that Bitcoin could hit 130,000 USD by the end of summer 2025, following peaks of 111,000 USD earlier this year.

The Russian mining sector anticipates growth in demand for data centers and equipment as crypto mining becomes legalized, encouraging more investor participation.

Proposals in the Kuznetsk Basin focus on using coal energy for Bitcoin mining, aiming to revitalize the local economy and enhance agricultural projects.

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