Russia’s crypto mining gear provider Intelion is reportedly contemplating an funding of over $130 million to develop AI information facilities.
Moscow-headquartered crypto mining provider Intelion is planning to spend as much as 12 billion Russian rubles (over $130 million) on buying server gear to construct synthetic intelligence (AI) information facilities, Russian media RBC stories, citing Intelion Cloud head Maxim Vyaznikov.
As per the report, Intelion, which additionally operates a department in Dubai, already possesses servers geared up with Nvidia’s A100 chips, regardless of a 2022 U.S. Division of Commerce ban on the sale of those chips to China and Russia.
Intelion’s new computing infrastructure will probably be based mostly at an information heart presently below development within the Samara area, with the primary part of this information heart anticipated to change into operational in This autumn 2024. The corporate plans to speculate over 4 billion Russian rubles (roughly $44.7 million) within the facility over the following two and a half years.
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Beforehand targeted on importing mining rigs, Intelion seems to be shifting its technique in the direction of offering AI-related cloud providers, leveraging its current sources as different Russian corporations additionally discover the increasing AI trade.
In early 2024, crypto.information reported that BitRiver, a Bitcoin mining firm topic to OFAC sanctions, can also be set to launch an AI-focused information heart in Russia within the second half of 2024. In response to Sergey Bezdelov, director of the Affiliation of Industrial Mining, this information heart is anticipated to have a capability of 100 megawatts.
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