A Russian crypto mining firm executive has claimed Bitcoin (BTC) prices could climb to the $130k mark in the second half of summer 2025. The claims came from Vasily Girya, the owner and CEO of the industrial player GIS Mining, the Russian Prime news agency reported. Girya said: “The crypto industry remains attractive to market players. In a moderately positive scenario, the price of Bitcoin in the second half of summer could reach an all-time high of $115,000. It could target $130k”. Bitcoin: $130k By End of Summer? At the time of writing, Bitcoin prices are wavering around the $105k mark following a brief foray into $111,000 territory in mid May. GIS Mining is one of Russia’s top 10 industrial miners, and mainly specializes in mobile units and mining hotel facilities. Per recent figures, the company’s mining capacity for Financial Year 2024 was 53 MW. Inside a GIS Mining data center. (Source: GIS Mining/YouTube/Screenshot) The country’s 10 biggest mining firms posted a collective total of $200 million in revenue in FY2024. Over half of this revenue came from the nation’s two biggest miners: BitRiver and Intelion . Girya explained that the Russian mining sector is set for another burst of growth this year. He said that the sector was experiencing “record-breaking” demand for new crypto mining data centers with a capacity of up to 100 MW. The mining chief added that demand for equipment capable of “energy-intensive blockchain computing” was also skyrocketing. Insiders say that in the first half of 2025, demand for crypto mining hardware outstripped supply. They claim that since Moscow legalized and began regulating crypto mining in 2024, more investors have entered the market. The ruble’s rise against the dollar this year has also made crypto mining investment more viable for many. RUB-USD prices over the past year. (Source: Google Finance) Sandbox ‘Driving Russian Mining Investment’ Girya added that over the next two to three years, more of the coins mined in Russian jurisdiction will be used in the national economy. He pointed to the Central Bank-run “experimental legal regime (ELR)” as evidence. The ELR is a crypto sandbox comprising exchange firms, cross-border trade companies, and Bitcoin miners. The bank is using the ELR as a means of bypassing US, EU, and UK-led sanctions on Russia. The sanctions have effectively frozen Russian firms and banks out of dollar-denominated trade. US strikes on Iran’s nuclear sites have shown the limits of Russia’s ability to defend its allies. It might yet be to Putin’s advantage https://t.co/CPVjHmgLt4 — Bloomberg (@business) June 23, 2025 Central Bank officials want crypto miners to sell their coins to exchanges within the sandbox. These exchanges can then use their coins to facilitate cross-border trades conducted in BTC or other tokens. Girya called the ELR a “powerful step toward the institutionalization of the crypto and digital currencies market.” He said that it would help “increase the inflow of investments into this new class of assets.” More Coal-powered Bitcoin Miners Heading to Siberia? Meanwhile, the authorities in the Kuznetsk Basin, a major coal-mining region in Southwestern Siberia, have proposed a Bitcoin mining -themed solution to the problem of coal depreciation. The news outlet Tsargrad’s Kemerovo Oblast branch reported that the region’s government is mulling a proposal to build crypto farms and greenhouse complexes near its coal mines. U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world's largest cryptocurrency on its balance sheet. https://t.co/Gc30pO8Qkr — Reuters Legal (@ReutersLegal) June 23, 2025 The region’s Governor, Ilya Seredyuk, said the area’s coal could “be used to generate the energy needed to mine Bitcoin and other cryptoassets.” Seredyuk said tests are now underway as miners conduct economic calculations to determine the profitability of the plan. He said the results would be published in around a month’s time. The Governor said the BTC mining plan could help reverse a recent decline in coal mining. He also suggested that the heat released by burning coal could be used to heat greenhouses that house tropical plants – in one of the world’s most famously cold areas. He mused: “Why not create a large botanical garden and cultivate plants that require warmth?” Earlier this month, a Russian power firm announced the launch of the nation’s first bitcoin mining-focused closed-end mutual investment fund (CEF) .A Russian crypto mining firm executive has claimed Bitcoin (BTC) prices could climb to the $130k mark in the second half of summer 2025. The claims came from Vasily Girya, the owner and CEO of the industrial player GIS Mining, the Russian Prime news agency reported. Girya said: “The crypto industry remains attractive to market players. In a moderately positive scenario, the price of Bitcoin in the second half of summer could reach an all-time high of $115,000. It could target $130k”. Bitcoin: $130k By End of Summer? At the time of writing, Bitcoin prices are wavering around the $105k mark following a brief foray into $111,000 territory in mid May. GIS Mining is one of Russia’s top 10 industrial miners, and mainly specializes in mobile units and mining hotel facilities. Per recent figures, the company’s mining capacity for Financial Year 2024 was 53 MW. Inside a GIS Mining data center. (Source: GIS Mining/YouTube/Screenshot) The country’s 10 biggest mining firms posted a collective total of $200 million in revenue in FY2024. Over half of this revenue came from the nation’s two biggest miners: BitRiver and Intelion . Girya explained that the Russian mining sector is set for another burst of growth this year. He said that the sector was experiencing “record-breaking” demand for new crypto mining data centers with a capacity of up to 100 MW. The mining chief added that demand for equipment capable of “energy-intensive blockchain computing” was also skyrocketing. Insiders say that in the first half of 2025, demand for crypto mining hardware outstripped supply. They claim that since Moscow legalized and began regulating crypto mining in 2024, more investors have entered the market. The ruble’s rise against the dollar this year has also made crypto mining investment more viable for many. RUB-USD prices over the past year. (Source: Google Finance) Sandbox ‘Driving Russian Mining Investment’ Girya added that over the next two to three years, more of the coins mined in Russian jurisdiction will be used in the national economy. He pointed to the Central Bank-run “experimental legal regime (ELR)” as evidence. The ELR is a crypto sandbox comprising exchange firms, cross-border trade companies, and Bitcoin miners. The bank is using the ELR as a means of bypassing US, EU, and UK-led sanctions on Russia. The sanctions have effectively frozen Russian firms and banks out of dollar-denominated trade. US strikes on Iran’s nuclear sites have shown the limits of Russia’s ability to defend its allies. It might yet be to Putin’s advantage https://t.co/CPVjHmgLt4 — Bloomberg (@business) June 23, 2025 Central Bank officials want crypto miners to sell their coins to exchanges within the sandbox. These exchanges can then use their coins to facilitate cross-border trades conducted in BTC or other tokens. Girya called the ELR a “powerful step toward the institutionalization of the crypto and digital currencies market.” He said that it would help “increase the inflow of investments into this new class of assets.” More Coal-powered Bitcoin Miners Heading to Siberia? Meanwhile, the authorities in the Kuznetsk Basin, a major coal-mining region in Southwestern Siberia, have proposed a Bitcoin mining -themed solution to the problem of coal depreciation. The news outlet Tsargrad’s Kemerovo Oblast branch reported that the region’s government is mulling a proposal to build crypto farms and greenhouse complexes near its coal mines. U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world's largest cryptocurrency on its balance sheet. https://t.co/Gc30pO8Qkr — Reuters Legal (@ReutersLegal) June 23, 2025 The region’s Governor, Ilya Seredyuk, said the area’s coal could “be used to generate the energy needed to mine Bitcoin and other cryptoassets.” Seredyuk said tests are now underway as miners conduct economic calculations to determine the profitability of the plan. He said the results would be published in around a month’s time. The Governor said the BTC mining plan could help reverse a recent decline in coal mining. He also suggested that the heat released by burning coal could be used to heat greenhouses that house tropical plants – in one of the world’s most famously cold areas. He mused: “Why not create a large botanical garden and cultivate plants that require warmth?” Earlier this month, a Russian power firm announced the launch of the nation’s first bitcoin mining-focused closed-end mutual investment fund (CEF) .
Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer Is Out
4 min read
A Russian crypto mining firm executive has claimed Bitcoin (BTC) prices could climb to the $130k mark in the second half of summer 2025.
The claims came from Vasily Girya, the owner and CEO of the industrial player GIS Mining, the Russian Prime news agency reported. Girya said:
Bitcoin: $130k By End of Summer?
At the time of writing, Bitcoin prices are wavering around the $105k mark following a brief foray into $111,000 territory in mid May.
GIS Mining is one of Russia’s top 10 industrial miners, and mainly specializes in mobile units and mining hotel facilities. Per recent figures, the company’s mining capacity for Financial Year 2024 was 53 MW.
Inside a GIS Mining data center. (Source: GIS Mining/YouTube/Screenshot)
The country’s 10 biggest mining firms posted a collective total of $200 million in revenue in FY2024. Over half of this revenue came from the nation’s two biggest miners: BitRiver and Intelion.
Girya explained that the Russian mining sector is set for another burst of growth this year. He said that the sector was experiencing “record-breaking” demand for new crypto mining data centers with a capacity of up to 100 MW.
The mining chief added that demand for equipment capable of “energy-intensive blockchain computing” was also skyrocketing.
Insiders say that in the first half of 2025, demand for crypto mining hardware outstripped supply.
They claim that since Moscow legalized and began regulating crypto mining in 2024, more investors have entered the market.
The ruble’s rise against the dollar this year has also made crypto mining investment more viable for many.
RUB-USD prices over the past year. (Source: Google Finance)
Sandbox ‘Driving Russian Mining Investment’
Girya added that over the next two to three years, more of the coins mined in Russian jurisdiction will be used in the national economy.
He pointed to the Central Bank-run “experimental legal regime (ELR)” as evidence. The ELR is a crypto sandbox comprising exchange firms, cross-border trade companies, and Bitcoin miners.
The bank is using the ELR as a means of bypassing US, EU, and UK-led sanctions on Russia. The sanctions have effectively frozen Russian firms and banks out of dollar-denominated trade.
Central Bank officials want crypto miners to sell their coins to exchanges within the sandbox. These exchanges can then use their coins to facilitate cross-border trades conducted in BTC or other tokens.
Girya called the ELR a “powerful step toward the institutionalization of the crypto and digital currencies market.”
He said that it would help “increase the inflow of investments into this new class of assets.”
More Coal-powered Bitcoin Miners Heading to Siberia?
Meanwhile, the authorities in the Kuznetsk Basin, a major coal-mining region in Southwestern Siberia, have proposed a Bitcoin mining-themed solution to the problem of coal depreciation.
The news outlet Tsargrad’s Kemerovo Oblast branch reported that the region’s government is mulling a proposal to build crypto farms and greenhouse complexes near its coal mines.
The region’s Governor, Ilya Seredyuk, said the area’s coal could “be used to generate the energy needed to mine Bitcoin and other cryptoassets.”
Seredyuk said tests are now underway as miners conduct economic calculations to determine the profitability of the plan. He said the results would be published in around a month’s time.
The Governor said the BTC mining plan could help reverse a recent decline in coal mining. He also suggested that the heat released by burning coal could be used to heat greenhouses that house tropical plants – in one of the world’s most famously cold areas. He mused:
Earlier this month, a Russian power firm announced the launch of the nation’s first bitcoin mining-focused closed-end mutual investment fund (CEF).
Market Opportunity
NEAR Price(NEAR)
$1.186
$1.186$1.186
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Botanix launches stBTC to deliver Bitcoin-native yield
The post Botanix launches stBTC to deliver Bitcoin-native yield appeared on BitcoinEthereumNews.com. Botanix Labs has launched stBTC, a liquid staking token designed to turn Bitcoin into a yield-bearing asset by redistributing network gas fees directly to users. The protocol will begin yield accrual later this week, with its Genesis Vault scheduled to open on Sept. 25, capped at 50 BTC. The initiative marks one of the first attempts to generate Bitcoin-native yield without relying on inflationary token models or centralized custodians. stBTC works by allowing users to deposit Bitcoin into Botanix’s permissionless smart contract, receiving stBTC tokens that represent their share of the staking vault. As transactions occur, 50% of Botanix network gas fees, paid in BTC, flow back to stBTC holders. Over time, the value of stBTC increases relative to BTC, enabling users to redeem their original deposit plus yield. Botanix estimates early returns could reach 20–50% annually before stabilizing around 6–8%, a level similar to Ethereum staking but fully denominated in Bitcoin. Botanix says that security audits have been completed by Spearbit and Sigma Prime, and the protocol is built on the EIP-4626 vault standard, which also underpins Ethereum-based staking products. The company’s Spiderchain architecture, operated by 16 independent entities including Galaxy, Alchemy, and Fireblocks, secures the network. If adoption grows, Botanix argues the system could make Bitcoin a productive, composable asset for decentralized finance, while reinforcing network consensus. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/botanix-launches-stbtc
Share
BitcoinEthereumNews2025/09/18 02:37
Unprecedented Surge: Gold Price Hits Astounding New Record High
BitcoinWorld Unprecedented Surge: Gold Price Hits Astounding New Record High While the world often buzzes with the latest movements in Bitcoin and altcoins, a traditional asset has quietly but powerfully commanded attention: gold. This week, the gold price has once again made headlines, touching an astounding new record high of $3,704 per ounce. This significant milestone reminds investors, both traditional and those deep in the crypto space, of gold’s enduring appeal as a store of value and a hedge against uncertainty. What’s Driving the Record Gold Price Surge? The recent ascent of the gold price to unprecedented levels is not a random event. Several powerful macroeconomic forces are converging, creating a perfect storm for the precious metal. Geopolitical Tensions: Escalating conflicts and global instability often drive investors towards safe-haven assets. Gold, with its long history of retaining value during crises, becomes a preferred choice. Inflation Concerns: Persistent inflation in major economies erodes the purchasing power of fiat currencies. Consequently, investors seek assets like gold that historically maintain their value against rising prices. Central Bank Policies: Many central banks globally are accumulating gold at a significant pace. This institutional demand provides a strong underlying support for the gold price. Furthermore, expectations around interest rate cuts in the future also make non-yielding assets like gold more attractive. These factors collectively paint a picture of a cautious market, where investors are looking for stability amidst a turbulent economic landscape. Understanding Gold’s Appeal in Today’s Market For centuries, gold has held a unique position in the financial world. Its latest record-breaking performance reinforces its status as a critical component of a diversified portfolio. Gold offers a tangible asset that is not subject to the same digital vulnerabilities or regulatory shifts that can impact cryptocurrencies. While digital assets offer exciting growth potential, gold provides a foundational stability that appeals to a broad spectrum of investors. Moreover, the finite supply of gold, much like Bitcoin’s capped supply, contributes to its perceived value. The current market environment, characterized by economic uncertainty and fluctuating currency values, only amplifies gold’s intrinsic benefits. It serves as a reliable hedge when other asset classes, including stocks and sometimes even crypto, face downward pressure. How Does This Record Gold Price Impact Investors? A soaring gold price naturally raises questions for investors. For those who already hold gold, this represents a significant validation of their investment strategy. For others, it might spark renewed interest in this ancient asset. Benefits for Investors: Portfolio Diversification: Gold often moves independently of other asset classes, offering crucial diversification benefits. Wealth Preservation: It acts as a robust store of value, protecting wealth against inflation and economic downturns. Liquidity: Gold markets are highly liquid, allowing for relatively easy buying and selling. Challenges and Considerations: Opportunity Cost: Investing in gold means capital is not allocated to potentially higher-growth assets like equities or certain cryptocurrencies. Volatility: While often seen as stable, gold prices can still experience significant fluctuations, as evidenced by its rapid ascent. Considering the current financial climate, understanding gold’s role can help refine your overall investment approach. Looking Ahead: The Future of the Gold Price What does the future hold for the gold price? While no one can predict market movements with absolute certainty, current trends and expert analyses offer some insights. Continued geopolitical instability and persistent inflationary pressures could sustain demand for gold. Furthermore, if global central banks continue their gold acquisition spree, this could provide a floor for prices. However, a significant easing of inflation or a de-escalation of global conflicts might reduce some of the immediate upward pressure. Investors should remain vigilant, observing global economic indicators and geopolitical developments closely. The ongoing dialogue between traditional finance and the emerging digital asset space also plays a role. As more investors become comfortable with both gold and cryptocurrencies, a nuanced understanding of how these assets complement each other will be crucial for navigating future market cycles. The recent surge in the gold price to a new record high of $3,704 per ounce underscores its enduring significance in the global financial landscape. It serves as a powerful reminder of gold’s role as a safe haven asset, a hedge against inflation, and a vital component for portfolio diversification. While digital assets continue to innovate and capture headlines, gold’s consistent performance during times of uncertainty highlights its timeless value. Whether you are a seasoned investor or new to the market, understanding the drivers behind gold’s ascent is crucial for making informed financial decisions in an ever-evolving world. Frequently Asked Questions (FAQs) Q1: What does a record-high gold price signify for the broader economy? A record-high gold price often indicates underlying economic uncertainty, inflation concerns, and geopolitical instability. Investors tend to flock to gold as a safe haven when they lose confidence in traditional currencies or other asset classes. Q2: How does gold compare to cryptocurrencies as a safe-haven asset? Both gold and some cryptocurrencies (like Bitcoin) are often considered safe havens. Gold has a centuries-long history of retaining value during crises, offering tangibility. Cryptocurrencies, while newer, offer decentralization and can be less susceptible to traditional financial system failures, but they also carry higher volatility and regulatory risks. Q3: Should I invest in gold now that its price is at a record high? Investing at a record high requires careful consideration. While the price might continue to climb due to ongoing market conditions, there’s also a risk of a correction. It’s crucial to assess your personal financial goals, risk tolerance, and consider diversifying your portfolio rather than putting all your capital into a single asset. Q4: What are the main factors that influence the gold price? The gold price is primarily influenced by global economic uncertainty, inflation rates, interest rate policies by central banks, the strength of the U.S. dollar, and geopolitical tensions. Demand from jewelers and industrial uses also play a role, but investment and central bank demand are often the biggest drivers. Q5: Is gold still a good hedge against inflation? Historically, gold has proven to be an effective hedge against inflation. When the purchasing power of fiat currencies declines, gold tends to hold its value or even increase, making it an attractive asset for preserving wealth during inflationary periods. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action. This post Unprecedented Surge: Gold Price Hits Astounding New Record High first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:30
China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push
TLDR China instructs major firms to cancel orders for Nvidia’s RTX Pro 6000D chip. Nvidia shares drop 1.5% after China’s ban on key AI hardware. China accelerates development of domestic AI chips, reducing U.S. tech reliance. Crypto and AI sectors may seek alternatives due to limited Nvidia access in China. China has taken a bold [...] The post China Bans Nvidia’s RTX Pro 6000D Chip Amid AI Hardware Push appeared first on CoinCentral.
Share
Coincentral2025/09/18 01:09