We are planning to build our mining farms in countries such as Siberia, Canada, Turkey, Norway and Iceland. The ideal value for money models for cheap electricity purchases are currently in the countries listed. Our Coinmining24 mining farm is located in the Taurus Mountains in Turkey because the weather conditions, infrastructure and proximity to Central Europe are perfect and the site has a capacity of approximately 15,000 miners. In Turkey, we benefit from a very favorable electricity tariff for eco-electricity and renewable energy concepts. Thanks to our close cooperation with the Turkish Ministry of Energy, the currently negotiated electricity prices are guaranteed for the next 5 years.
On-site security is ensured at all times by private security companies and a sophisticated security concept. In addition, all miners are insured against theft, fire and water damage via a German insurance company based in Turkey.