Russia’s crypto mining equipment seller Intelion is reportedly interested in an investment of over $130 million to manufacture AI recordsdata products and companies.
Moscow-headquartered crypto mining seller Intelion is planning to exhaust as a lot as 12 billion Russian rubles (over $130 million) on buying server equipment to make artificial intelligence (AI) recordsdata products and companies, Russian media RBC reviews, citing Intelion Cloud head Maxim Vyaznikov.
As per the legend, Intelion, which furthermore operates a division in Dubai, already possesses servers geared up with Nvidia’s A100 chips, despite a 2022 U.S. Division of Commerce ban on the sale of these chips to China and Russia.
Intelion’s new computing infrastructure shall be essentially based completely at an recordsdata middle in the intervening time below constructing in the Samara field, with the predominant section of this recordsdata middle expected to turn out to be operational in Q4 2024. The firm plans to make investments over 4 billion Russian rubles (roughly $44.7 million) in the ability over the next two and a half of years.
Beforehand centered on importing mining rigs, Intelion appears to be like transferring its approach in direction of providing AI-linked cloud products and companies, leveraging its present sources as other Russian companies furthermore explore the expanding AI industry.
In early 2024, crypto.news reported that BitRiver, a Bitcoin mining firm subject to OFAC sanctions, is furthermore dwelling to commence an AI-centered recordsdata middle in Russia in the second half of of 2024. In preserving with Sergey Bezdelov, director of the Affiliation of Industrial Mining, this recordsdata middle is anticipated to have a skill of 100 megawatts.
