Russian State, Crypto Miner BitRiver Aim for BRICS Expansion

The Russian state and the nation’s biggest crypto miner BitRiver have unveiled plans to build mining data centers in BRICS nations. Per RBC, the deal involves the Russian Direct Investment Fund (RDIF), the country’s sovereign wealth fund. The parties made their announcement at the BRICS Business Forum, held in Moscow on October 18. The crypto miner BitRiver operates 21 data centers in Russia. It is currently building 10 new centers. The partners will focus on expanding the potential of data centers with the possibility of further scaling of technologies in the BRICS markets.

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