The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and the country’s crypto mining company BitRiver announced at the BRICS Business Forum held in Moscow on October 18, 2024 that the two sides will cooperate to build data centers in BRICS countries. BitRiver CEO Igor Runets said that it will cooperate with RDIF to create infrastructure based on crypto mining, build data centers and connect the corresponding computing power to deploy and implement artificial intelligence projects.