U.S. mining company Compass Mining is selling $30 million worth of equipment in Siberia after the U.S. government imposed sanctions on rival BitRiver over its operations in Russia.
The company is now looking for buyers in Russia to reimburse some of the funds to its customers.
Compass Mining operates data centers that house equipment owned by its customers.
“I understand the sanctions; in this case, the penalty is too great for U.S. miners. Most of our expansion will be in Texas,” said CEO Whit Gibbs.