The Russian government and the country’s crypto miner BitRiver have announced plans to build mining data centers in BRICS countries, CoinVoice has learned. The plan involves the Russian Direct Investment Fund (RDIF), and the two sides announced the latest news at the BRICS Business Forum in Moscow on October 18.

BitRiver CEO Igor Runets said plans will focus on building crypto mining-based infrastructure and increasing global computing power to support the development of artificial intelligence projects.

Currently, BitRiver has 21 data centers in Russia and is building 10 new centers. Although the specific details of the deal with the BRICS countries have not been disclosed, both parties believe that there is a global shortage of space for energy-intensive data centers. RDIF CEO Kirill Dmitriev stressed that the development of AI computing capabilities is a priority for Russia and its BRICS partners. [Original link]