Russia collaborates with the country's cryptocurrency miner BitRiver to build mining data centers in BRICS countries
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 both parties released related news at the BRICS Business Forum in Moscow on October 18.
BitRiver CEO Igor Runets stated that the plan will focus on building infrastructure based on crypto mining to enhance global computing capabilities to support the development of artificial intelligence projects.
Currently, BitRiver has 21 data centers in Russia and is constructing 10 new ones. Although specific transaction details with BRICS countries have not been disclosed yet, 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.
