In June 2025, Miners.Club, the world’s leading Bitcoin mining power financial platform, officially announced that the BitFinder mining farm operated by its subsidiary MinerBase had reached a peak operational scale of approximately 1% of the global Bitcoin network’s mining power, with a peak share of 4%, making it the largest and most policy-supported stable-operating ultra-large-scale Bitcoin mining farm in Europe.
The mining facility is independently operated by MinerBase, with cumulative investments exceeding US$300 million. It is located in the Brest Region of Belarus and the Minsk Economic Zone, currently deploying over 40,000 Antminer S19 series mining machines, with an annual mining output exceeding 1,200 BTC. In early 2025, the operational team established Miners.Club to develop financial products based on mining power. Currently, the Miners.Club application is live, offering users investment products backed by real, stable mining power.
Siber, founder of Miners.Club, stated: “The scale, stability, and policy compliance of the mining facility are the foundation for building user trust.”
The Development of MinerBase: From Barren Land to a Global Computing Power Center
The development of MinerBase began in 2019 and was completed with the support of the Belarus Hi-Tech Park, covering the entire process from project site selection, energy access, to equipment deployment.
Key milestones include:
2018: Completed site selection and power supply agreement, obtained long-term industrial power supply quotas
2019: Phase I factory and water cooling system completed, first batch of 5,000 mining machines online
2021: Phase 2 mining facility officially powered up, with power supply capacity increased to 200 MW and total equipment count exceeding 40,000 units
2025: Construction of Phase 3 mining facility commenced, with an expected addition of 10,000 S21 mining machines by year-endBelarusian policy advantages: Legal, tax-free, and regulatory openness
Since 2018, Belarus has established a national blockchain industry policy through Presidential Decree No. 8 “On the Development of the Digital Economy,” which legalizes and exempts from taxation activities such as mining, holding, issuing, and exchanging. As a compliant entity registered in the High-Tech Park (HTP), MinerBase enjoys:
VAT and corporate income tax exemptions on mining revenues
Support for electricity procurement and equipment import channels
Continuous regulatory registration and operational exemptionsOn March 4, 2025, Belarusian President Alexander Lukashenko issued another notable directive to the newly appointed Minister of Energy, Alexei Kushnarenko, during a government meeting on March 4: to continue developing the Bitcoin mining industry!
Belarus boasts one of the lowest electricity costs in Europe and ample energy supply, providing ideal conditions for Bitcoin mining. Lukashenko’s decision is not only part of the national grid modernization plan but also a proactive response to global cryptocurrency trends. He specifically noted: “You can see the direction the world is heading, especially the world’s largest economies. They have already begun to adopt cryptocurrency as a reserve asset.”
MinerBase, as one of the earliest mining farm operators to obtain full government compliance approval, has garnered high praise from local government departments for its six years of accident-free mining farm operations. The government will continue to strongly support MinerBase’s mining farm construction and operational initiatives.
Financial products supported by mining farms: HashBank
Backed by the actual production capacity of mining farms, Miners.Club has launched HashBank, a stable income product:
Users invest USDT, lock in an equal amount of MBC, and receive weekly interest payments.
The annualized yield can reach up to 35%, distributed weekly with no additional action required.
All returns are derived from the actual BTC computing power output of the mining farm, not virtual interest rates or secondary market speculation.Miners.Club founder Siber stated: “As the most valuable underlying asset in the cryptocurrency ecosystem, exploring computing power finance will become the latest value opportunity in Bitcoin.”
