The decision was officially announced during a Norwegian press conference on March 20. As part of the cooperation, the blockchain company plans to build a data center and hire about 30 local employees to run it. Bitfury intends to invest about $35 million in the project
Bitfury CEO Valery Vavilov announced that the new data center will be built in the city of Mu i Rana, with the support of the city's mayor, Geir Vaaj, and several local business leaders. Bitfury also decided to purchase energy from renewable sources in the amount of 350 GW every year.
“Norway is the ideal location to focus on Bitfury’s innovation and growth. We look forward to new customers and developing the products and solutions they need to make their businesses safer and more efficient,” says company CEO Valery Vavilov.
Thorbjørn Rø Ixaksen, Norway's Minister of Trade and Industry, sees great promise in the partnership with Bitfury.
“The data center will become... an important resource for both the business community and society as a whole. This represents a major economic opportunity for Norwegian businesses. The data center industry is growing rapidly and provides Norway with opportunities for economic growth and new jobs,” says Iksaksen.
According to http://bitcoinist.com
You May Also Like
Innosilicon's new Bitcoin miner is powerful, but GMO's B3 remains the best
Bitcoin mining is a very competitive industry. It has been developing exponentially over the past few years. Within nine months, many new members were added to the group of mining equipment companies such as GMO Group, Halong Mining and Ebang.
The CEO plans to start building a mining farm for $251 million
The CEO of a company that plans to build a data center for cryptocurrency mining west of Butte, Montana, isn't worried about the price of Bitcoin, which has fallen to nearly $3,200. In fact, Power BLock Coin LCC co-founder Aaron Tilton believes that the price reduction could benefit some miners.
