Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst.
“Game theory is now in motion,” Nico Smid, founder of Digital Mining Solutions, told Cointelegraph, explaining other countries will likely follow the likes of El Salvador, Bhutan, Ethiopia, the United Arab Emirates and Russia in monetizing underutilized energy to mine Bitcoin (BTC).
In mid-October, during the BRICS Business Forum in Moscow, Russia’s sovereign wealth fund partnered with Russian data center operator BitRiver to construct Bitcoin mining and AI computing facilities for BRICS nations.
