Billionaire Deripaska Plans $355 Million Data Center in SiberiaBy
Putin's law requires IT firms to store data on local servers
Aluminum tycoon to use cheap hydropower to feed data center
Billionaire Oleg Deripaska’s En+ Group and partners including Huawei Technologies Co. plan to invest more than $355 million to build a data center in Siberia, tapping the region’s cheap electricity and preparing for rising local storage demand.
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