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Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends
22.1.2024
Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia
24.4.2022
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping...
A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity
16.1.2021
A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s...
Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain Pact
16.1.2021
The technology is aimed at tracing commodity flows in near real-time and cut paperwork
Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network
15.1.2021
The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology
Total Tokenization, Taproot, Bitcoin ETF + More News
31.12.2020
Source: iStock/Photographer, Filmmaker, Designer
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The vice president of the Russian metals giant Norilsk Nickel has spoken out about...
Major Producer Nornickel Issues Its First Metal Contract-Backed Digital Coins
26.12.2020
One of the world’s biggest palladium producers, based in Russia, announced that it’s starting the first stage of issuing blockchain-powered tokens to its industrial partners Traxys and Umicore. Palladium Producer Giant Issues Its First Blockchain-Powered Tokens According to...
Meet the Russian Oligarch Launching a Metal-Backed Crypto Token
7.10.2019
Vladimir Potanin, one of Russia's richest people, tells CoinDesk about his plans for a palladium-backed token and a tokenized commodities exchange