BitRiver, a Bitcoin mining firm focused by OFAC sanctions, is about to launch Russia’s largest information middle for synthetic intelligence (AI) in H2 2024.
Bitriver-B, a subsidiary of BitRiver Group, is about to launch the biggest information middle for energy-intensive computations in Eurasia within the second half of 2024, Russia‘s authorities information company Prime reports. The anticipated capability of the info middle is alleged to be 100 megawatts, as reported by Sergey Bezdelov, director of the Affiliation of Industrial Mining.
“That is the biggest facility amongst all information facilities within the Republic of Buryatia and the Far Japanese Federal District. As of right now, BitRiver’s investments within the mission exceed 1.4 billion rubles [~$15.1 million].”
Sergey Bezdelov
The report factors out that BitRiver will full the implementation of the funding mission in Russia, even regardless of the corporate being included within the U.S. Treasury Division’s sanctions record.
Bezdelov highlighted the potential progress of high-performance and energy-intensive computing in Russia, notably with the widespread adoption of synthetic intelligence (AI). He additionally projected that by 2035, the sector might demand a number of tens of gigawatts. The information middle is anticipated to deal with high-performance energy-intensive computations comparable to crypto mining, cloud companies, and AI operations.
In April 2022, the U.S. authorities added BitRiver together with a number of of its subsidiaries to its sanctions record for working within the expertise sector of the Russian financial system in an effort to isolate Russia from the worldwide monetary system. The U.S. Treasury mentioned in a press launch that crypto mining corporations assist Russia monetize its pure assets, noting that Russia has a “comparative benefit in crypto mining resulting from power assets and a chilly local weather.”