Everything in Observer
Distributors
Business Description
Intelion Data Systems, founded in 2017 and headquartered in Moscow, operates as a direct importer and distributor of ASIC cryptocurrency mining hardware from Chinese manufacturers and a multi-site data center hosting operator with a footprint across seven Russian regions.
The company's distribution business supplies in-stock and pre-order units from Bitmain, MicroBT, StrongU, Bombax, ElphaPex, and iPollo through direct import channels from China. Current catalog listings include the Bitmain Antminer L9 at 16 GH/s ($3,291) and 17 GH/s ($3,645), the MicroBT Whatsminer M61 (200 TH/s, 4,150 W), and the Whatsminer M60S+ (186 TH/s, 3,350 W). The direct-import structure positions Intelion as a primary hardware channel for institutional buyers seeking competitive pricing on new and pre-order units.
On the hosting side, Intelion operates data centers across Tula, Tver, Murmansk, Samara, the Republic of Khakassia (Chernogorsk), Kemerovo, and Nizhny Novgorod. The flagship facility adjoins the Kalinin Nuclear Power Plant in Tver Oblast, approximately 400 km from Moscow, drawing a dedicated 32 MW supply from Rosenergoatom's grid. A second major site is embedded within Tulachermet JSC, a Tula-based metallurgical holding, where purpose-built high-power containers house mining equipment alongside a 24-hour on-site technical team. A third project is under development in the Murmansk region's Kola district through subsidiary Intelion North, registered as a resident of Russia's Arctic zone: a 15,000 sq m site targeting 16 MW of capacity for approximately 4,000 devices, backed by total investment of 1.1 billion rubles (147 million for infrastructure, 960 million for computing hardware).
Intelion reported FY2024 revenue of RUB 6.218 billion (approximately $78 million) and consumed 298 MW across all facilities. Combined with BitRiver, the two operators posted an estimated $200 million in FY2024 revenue, representing more than half of Russia's industrial crypto mining market by that metric. The company's active base exceeds 1,500 investors and clients.
A parallel strategic initiative is Intelion Cloud, a spin-off subsidiary formed to house the company's AI computing business. The Samara region campus, with its first phase targeted for Q4 2024 commissioning, is backed by total investment of 12 billion rubles (~$135 million), with more than 60% allocated to Nvidia A100-series GPU procurement. The Intelion Cloud platform, slated for Q3 2024 launch, is structured around per-second billing for GPU server rentals to enterprise clients.
Intelion also participates in drafting regulatory frameworks for Russia's industrial crypto mining sector.
