Intelion Plans $130 Million Investment in AI Data Centers
Russia’s leading crypto mining equipment supplier, Intelion, is considering investing over $130 million in developing AI data centers. The Moscow-based company aims to allocate 12 billion Russian rubles towards purchasing server equipment to construct AI-focused data centers, as reported by Russian media RBC.
Expansion into AI Cloud Services
Intelion, known for importing mining rigs, is shifting its focus towards providing AI-related cloud services. The company, with a branch in Dubai, is strategically leveraging its resources to tap into the expanding AI industry. This strategic shift aligns with the trend observed among other Russian companies exploring opportunities in AI technologies.
BitRiver to Launch AI-Focused Data Center
In alignment with the industry trend, BitRiver, a Bitcoin mining company operating under OFAC sanctions, plans to launch an AI-focused data center in Russia by the second half of 2024. This facility, expected to have a capacity of 100 megawatts, signifies the growing interest and investment in AI infrastructure within the cryptocurrency sector.
