Russian Crypto Mining Chief: Bitcoin Could Hit $130k Before Summer
0Bitcoin Mining
Russia
GIS Mining chief says that an all-time BTC high is possible in a ‘moderately positive scenario’
Tim Alper
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Tim Alper
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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
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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.
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...
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