Blockchain Tech Provider Bitfury Gains Government Approval For $35 Mln Norway Datacenter

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An “energy efficient” datacenter is said to be in the pipeline from blockchain technology company Bitfury with the support and approval of the Norwegian government.

Accordingto reports, two sites will open around the town of Mo i Rana, with as much as 274 million kronor ($35 million) to be invested for infrastructure and hiring of some 30 employees. Norway’s Minister of Trade and Industry Røe Isaksen expressed delight at the company’s arrival to the country, despite the ongoing scrutiny towards bitcoin mining as being a wasteful manufacturing process and having a negative impact on the environment.

“Data will become an increasingly important resource for the business community as well as for society in general,” he said. “This represents a major economic opportunity for Norwegian businesses. The datacenter industry is growing fast, and provides Norway with opportunities of economic growth and new jobs.”

Bitfury also confirmed that they will be “purchasing about 350 GWh of 100% renewable energy per year from local supplier Helgeland Kraft” for the datacenter power.

 

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