Russia is partnering with a major crypto mining company to build new data centers in BRICS countries. The project, backed by Russia's sovereign wealth fund, was announced at the BRICS Business Forum in Moscow on October 18. In addition to data centers, the partnership will focus on artificial intelligence projects and aim to increase Russia's share of global computing power. While Russia aims to create new opportunities in energy-intensive data centers, they will work on potential collaborations in BRICS countries.
While Russia's interest in the crypto sector has recently increased, the country attaches importance to growth based on crypto mining and computing power. While the company, which already operates many data centers in the country, plans to expand by focusing on BRICS markets, Russia aims to contribute to this process with artificial intelligence-supported projects. In addition, Russia's energy sector is also preparing to increase its capacity in this field by taking steps towards crypto mining.
