> #Russia's largest data center operator #BitRiver has partnered with the #Russian Direct Investment Fund to build mining and #AI computing facilities across #BRICS nations.

https://www.forbes.com/sites/digital-assets/2024/10/23/russia-launches-brics-mining-infrastructure-project/

#dedollarization #globalFinance #investing #money #cryptocurrency #mining

Russia Launches BRICS Mining Infrastructure Project

New BRICS mining initiative launches as BitRiver and Russian sovereign fund RDIF partner to develop data centers for crypto mining and AI operations

Forbes

Remote Siberian data center reaps rewards of bitcoin rally

https://www.reuters.com/article/us-russia-cryptocurrencies-bitriver/remote-siberian-data-center-reaps-rewards-of-bitcoin-rally-idUSKBN2B11RJ

"#BitRiver hosts equipment [for customers from] the United States, Europe and Japan who want to harness the region’s cheap #energy."

“Current demand from our clients exceeds 700 #megawatts. [...] In 2021, we plan to reach 300 megawatts of power.”

"BitRiver uses more than 90% green power."

#Bitcoin  #BTC #Mining #BitcoinMining #Miner #BitcoinMiner #ASIC #SHA256 #Hashrate #Russia #Siberia #Electricity

Remote Siberian data center reaps rewards of bitcoin rally

Four thousand kilometres from Moscow near the shores of the Angara River, a Russian firm operating a vast data centre run on cheap local hydroelectric power is reaping the rewards of bitcoin's surging prices and plans to double its power output this year.