The Russian government and BitRiver, the country's largest crypto mining company, are collaborating to build crypto mining data centers in BRICS countries (Brazil, Russia, India, China, and South Africa). The aim is to expand Russia's computing power and digital infrastructure on a global scale, focusing on both crypto mining and artificial intelligence (AI) technologies. Currently, there is a shortage of energy-intensive data centers worldwide, making Russia's experience in building such centers valuable. The Russian Direct Investment Fund (RDIF) is leading the initiative and plans to increase Russia's share of the computing power market. The goal is to future-proof the industry and boost high-tech industries like AI and crypto in BRICS nations, potentially increasing their collective GDP by 1.2%. Additionally, Russia sees crypto mining as a key driver of economic growth and is ready to provide surplus power to miners. The BRICS summit presents an opportunity for Russian miners to sell their tokens to international buyers, bypassing Western sanctions that have affected the country. The BRICS coalition is considered to be gaining ground economically compared to the declining dominance of the United States, according to economist Richard Wolff.



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