Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices By Cointelegraph

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Cryptocurrency miners in Russia appear to be unbothered by the ongoing crisis of crypto mining as the local demand for mining hardware has reportedly been on the surge in Q4 2022.

Some crypto mining hardware distributors in Russia have faced a significant spike in demand for mining-designed application-specific integrated circuit (ASIC) chips, the local news agency Kommersant reported on Dec. 1.