Russia collaborates with its cryptocurrency miner BitRiver to build mining data centers in BRICS countries

2024-10-21 15:57:38

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ChainCatcher news, the Russian government and the country's crypto miner BitRiver announced plans to build mining data centers in BRICS countries. The plan involves the Russian Direct Investment Fund (RDIF), and the two parties released the relevant news on October 18 at the BRICS Business Forum in Moscow.

BitRiver CEO Igor Runets stated that the plan will focus on building infrastructure based on crypto mining to enhance global computing power to support the development of artificial intelligence projects.

Currently, BitRiver has 21 data centers in Russia and is constructing 10 new centers. Although the specific details of the deal with BRICS have not been disclosed, both parties believe there is a shortage of space for energy-intensive data centers globally. RDIF CEO Kirill Dmitriev emphasized that developing AI computing capabilities is a priority for Russia and its BRICS partners.

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