BitRiver to Launch Russia’s Largest AI Data Center Despite Sanctions
BitRiver, a Bitcoin mining company that has been targeted by OFAC sanctions, is planning to launch the largest data center for artificial intelligence (AI) in Russia. The subsidiary, BitRiver-B, is set to establish the facility in the second half of 2024, with a projected capacity of 100 megawatts.
The Impressive Scale of the Data Center
- The data center will be the largest in Eurasia for energy-intensive computations.
- BitRiver’s investments in the project have already exceeded 1.4 billion rubles (~$15.1 million).
“This is the largest facility among all data centers in the Republic of Buryatia and the Far Eastern Federal District.”
– Sergey Bezdelov, Director of the Association of Industrial Mining
Overcoming Sanctions and Embracing AI Potential
Despite being included in the U.S. Treasury Department’s sanctions list, BitRiver remains committed to completing its investment project in Russia. Sergey Bezdelov emphasized the growth potential of high-performance and energy-intensive computing in the country, particularly with the increasing adoption of AI.
- The sector could demand several tens of gigawatts by 2035.
- The data center will focus on crypto mining, cloud services, and AI operations.
The U.S. government sanctioned BitRiver and its subsidiaries for their involvement in Russia’s technology sector, aiming to isolate the country from the global financial system. The U.S. Treasury noted that Russia has a competitive advantage in crypto mining due to its abundant energy resources and cold climate.
Hot Take: BitRiver’s Ambitious Data Center Venture
Despite facing sanctions, BitRiver is forging ahead with its plans to launch Russia’s largest AI data center. By investing in this project, you are demonstrating the company’s determination to overcome challenges and tap into the potential of high-performance computing and AI.
The data center’s impressive scale and focus on energy-intensive computations such as crypto mining, cloud services, and AI operations show BitRiver’s commitment to driving technological advancements in Russia. It is clear that the company believes in the future growth of these sectors, which could demand significant amounts of power by 2035.
BitRiver’s resilience in the face of sanctions highlights its confidence in the value of its investments and its ability to navigate complex geopolitical situations. As a crypto enthusiast, you should keep an eye on BitRiver’s progress and the impact it could have on Russia’s AI and technology landscape.
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