Crypto mining hosting in Armenia

Armenia has recognised that digital currencies are now becoming part of modern economies, including the crypto mining industry. Armenia has taken clear steps to incentivise crypto mining activities by openly inviting miners to the country and set up proper regulation and infrastructure to encourage individual and institutional investors to profiting from it. A clear example has been the case of the Hrazdan Thermal Power Plant; initially planned for shutdown in January 2022, it has been reconverted into a site dedicated to power digital mining operations, in addition to declaring the surrounding area as a Free Economic Zone.

Crypto Mining Hosting in Hrazdan, Armenia (Free Economic Zone)

Datacenter ARM1

Fully booked

Capacity: Available 60 MW expandable to 200 MW with CapEx.
Energy Source: Flared natural gas next to power plant (100% uptime)
Electricity price*: 37-38AMD/kWh ~$0.088-0.092 KWh
MOQ: 1u
Installation fee: $50/miner
Co-managed mining**: +$0.002 kWh
Deposit: 1 months in advance
Contract term: 12 months initial term
Cooling type: Air only
Miner’s type: ASICs only
Security: Restricted access area, alarm and video surveillance 24/7 with military guards.
Insurance***: Contact us.
Comments: Possibility to import miners from any country at 0% VAT and 0% customs duties.

* Co-managed mining is a service we provide to simplify the mining experience, so that you can mine in full autopilot. We will gather your Crypto mining revenues through the billing cycle, automatically pay the operational costs, and send you the profits at the end of the cycle. It couldn't be easier.

** Insurance might be available in some Datacenters when you host miners with us at additional price. The insurance will cover repair costs or up to 95% refund of miner's market price in case of damages due to floods, power peaks, fire, theft among other causes.