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After Russian President Vladimir Putin’s statement on BRICS countries and the development of digital currency on Friday, another important statement was made at the same day’s meeting. It was reported that BitRiver, Russia’s largest crypto mining company, will set up data centers in BRICS countries with support from state funding.
The statement did not say whether an agreement had been reached with any BRICS country. The name of the country was not even mentioned.
“We will set up data centers”
Igor Runets, CEO and founder of BitRiver, used the following statements in his speech on this topic:
“Together with the Russian state fund, we will establish the infrastructure for cryptocurrency mining. We will establish data centers and use them for specific purposes. “This will enable us to develop artificial intelligence projects. “
BitRiver, Russia’s largest mining company, operates mostly in Siberia. The company, which uses the conditions brought by the cold climate to its advantage, also obtains energy through hydroelectricity.
The parties’ statements said that regions of the world where energy resources are available do not have enough places/regions to build data centers, hence this project is very important.
“Artificial intelligence is a priority for Russia…”
Russian state fund RDIF CEO Kirill Dmitriev said that the use of computing power in the development of artificial intelligence is among Russia’s priorities.
As it is known, in the US, major Bitcoin mining companies rent out some of the computing power in their data centers to artificial intelligence companies and earn revenue from it. By using this feature of Bitcoin mining companies, who have easy access to energy resources, the work of artificial intelligence companies is also made easier.
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