Bitriver (Bitriver Rus)

Bitriver (Bitriver Rus LLC) is the operator of a data center that leases its facilities. The company is part of Fox Laboratories LLC, owned by Bitriver CEO Igor Runets as of November 2019.

Performance indicators

2018: Revenue - about 14 million rubles

At the end of 2018, the revenue of Bitriver Rus LLC amounted to about 14 million rubles, a net loss of 70 million rubles.

Aktivs

As of November 2019, the company has a sales office in Moscow, a back office in Yekaterinburg and a data center in Bratsk (Irkutsk Region).

History

2024: Partnership with RDIF regarding the construction of data centers in the BRICS countries

and Russian Direct Investment Fund (RDIF) BitRiver, Russian data centers an energy-intensive computing operator (DPC) and importer of computing equipment, announced a partnership to jointly implement technology (artificial intelligence AI) implementation projects, increase its share Russia to construction in the global computing power and processing center market data. RDIF countries BRICS TAdviser representatives shared information about this with the portal on October 18, 2024.

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BitRiver

In the BitRiver portfolio as of October 2024 - 21 operating data centers in Russia and 10 more data centers are under construction. The company creates backbone IT clusters and new jobs in the regions where it operates.

Cooperation between RDIF and BitRiver is aimed, among other things, at implementing opportunities for building data centers in the BRICS countries and forming appropriate partnerships. The increase in the pace of introduction of artificial intelligence has led to a global shortage of empty seats in energy-intensive data centers. For Russia, this opens up significant opportunities, taking into account the availability of ready-made capacities in data centers and expertise on their construction and operation, according to the RDIF.

According to Kirill Dmitriev, CEO of RDIF, the joint use of high-tech infrastructure in the future will allow the participants in the association to reduce costs, reduce dependence on foreign technology suppliers, develop their own digital solutions and independently control critical data.

"The development of computing power for the introduction of artificial intelligence in various industries is a priority for Russia and partners in the BRICS association. Together with BitRiver, we will focus on expanding the capabilities of data centers and computing equipment with the possibility of further scaling technologies in the BRICS markets, "said Kirill Dmitriev.

As Igor Runets, owner and CEO of BitRiver, noted for his part, together with RDIF, the company will focus on creating an infrastructure base based on mining - building data centers and bringing the necessary capacities to them so that it is possible to deploy and implement projects related to AI, and thus develop this direction throughout the country.

"Mining is not just a foundation for the digital economy. If Russia catches up with the United States in such a fundamental branch of the digital economy as mining, it means that our country can no longer be reckoned with. This is further economic growth, liquidity for mutual settlements with our partners, the foundation for the development of artificial intelligence, the creation of highly qualified jobs throughout the country, "added Igor Runets.

2022

Program for the construction of data centers in Yakutia and Buryatia

In September 2022, it was announced that the largest mining operator in Russia, BitRiver, will build new data centers in Yakutia and Buryatia. For business, these regions are attractive for cheap electricity and tax breaks. The first of the data centers in Buryatia with a capacity of 100 MW is already under construction.

Memorandum with Gazprom Neft on mining cryptocurrencies in oil fields

In mid-June 2022, Gazprom Neft and BitRiver signed a memorandum of cooperation in the field of cryptocurrency mining. Read more here.

Falling under US sanctions

On April 20, 2022, against the background of Russia's special operation To Ukraine USA , sanctions were imposed against the largest data center for mining cryptocurrencies Bitriver, which leases a building near the Bratsk Aluminum Plant and the Bratsk Hydroelectric Power Station. Media reports that Bitriver is linked to. Oleg Deripaska

2021: Giant mining migration from China

In 2021, Russia became the largest recipient of cryptocurrency mining devices from China after the ban on mining in the Celestial Empire.

The Russian mining hosting BitCluster company accepted over 5,000 devices within a few weeks after the ban on mining in, and China BitRiver claims that over the past months it has deployed 1.8 million miners from China. The company had to reject the offer of a client who wanted to bring another million devices. Many are running out of space.

2020: Creation of a mining farm in Siberia in conjunction with En + Group

On November 5, 2020, aluminum and electricity producer En + Group announced the creation of a joint venture with the operator of the BitRiver cryptocurrency mining center. The partners agreed to develop projects in the field of cryptocurrency mining using renewable energy. More detailed here.