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Russia Seeks to Expand Cryptocurrency Mining in BRICS Countries

Russia and BitRiver, a cryptocurrency mining company, have announced plans to establish data centers for cryptocurrency mining in BRICS countries.

Russia and BitRiver, a cryptocurrency mining company, have announced plans to establish data centers for cryptocurrency mining in BRICS countries. The aim of this project is to leverage cheap energy in these nations and develop digital infrastructure. The initiative, carried out by the Russian Direct Investment Fund (RDIF), will also strengthen economic cooperation among BRICS members, helping them become more resilient against economic sanctions. Since BRICS countries aim to enhance their independence in various sectors, including economics and technology, this initiative is considered a significant step toward achieving their economic and trade objectives.

Source: Purse.io

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