Restrictions on mining in China: consequences for Russian market and particular companies

What the ban on cryptocurrency mining in China turned out to be for Russia, and how it affected particular companies? Read it in a fresh article about the results of the mining revolution published by the Financial Times: https://www.ft.com/content/0dbe4f9f-a433-4288-858e-c4b852f4c340

Co-founder of BitCluster Vitaly Borshchenko also shared the company's results over the past 6 months after the restrictions in the PRC:

“Since the mining ban in China till the present, we have seen a dramatic increase in demand for our services from the largest Chinese mining companies.

Over the past 2 months, we have posted over 5000 devices. The total volume of signed contracts for 2022  exceeds 200 MW. The total capacity of clients in the negotiation cycle exceeds 1 gigawatt.

The chain is currently being expanded to accommodate these clients."

— Vitaly Borshchenko, co-founder of the chain of mining hotels BitCluster.