Russia's Bold Bitcoin Mining: Alliances Unite for De-dollarization
Russia pushes de-dollarization through strategic Bitcoin mining expansion across BRICS nations. The Russian Direct Investment Fund teams up with BitRiver to build mining facilities and AI centers in BRICS countries. This cryptocurrency plan wants to create a new payment system. This could remake the way global trade is carried out and bypass traditional banking, thus contributing to de-dollarization. Also Read: Congress Welcomes Over 250 Pro-Crypto Candidates Post Election Russia’s Bitcoin Mining Expansion: Powering Global Trade and Crypto Strategic Partnership Shapes Mining Infrastructure Source: DataCenterMap RDIF and BitRiver joined forces in October 2024, which is an amazing move. They plan to build even more data centers and run AI projects in the near future. BitRiver runs 21 data centers in Russia at press time, and plans to open about 10 more. The U.S. has also sanctioned BitRiver. This makes it the first Russian mining company on their list, reflecting the growing trend o...