Russia’s bitcoin-mining industry is booming through war and sanctions

News Snapshot:

People walk along closed empty Red Square with the Kremlin Wall in the background in Moscow, Russia, Tuesday, June 27, 2023. Life has returned to normal in the Russian capital after the abortive coup mounted by mercenary chief Yevgeny Prigozhin. (AP Photo/Alexander Zemlianichenko) Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk. As the US market becomes saturated, mining-rig makers have expanded into Russia. According to the report, more mining machines are heading to Russia than anywhere else in the world. The bitcoin mining industry has proven to be an unexpected beneficiary of Russia's invasion...