Bitfury Gains Government Approval For $35 Mln Norway Datacenter

Blockchain technology company Bitfury announced it will open an “energy efficient” datacenter in Norway March 20 in a deal with the blessing of the government. In a blog post, the business confirmed it would open two sites around the town of Mo i Rana, investing 274 million kronor ($35 mln) in infrastructure and hiring 30 employees.

The move comes at a time when Bitcoin mining in particular is under scrutiny for its environmental impact and wasteful manufacturing process. Commenting on the datacenter, Norway’s Minister of Trade
and Industry Røe Isaksen said he was “delighted” Bitfury had opted to set up in the country. “Data will become an increasingly important resource for the business community as well as for society in
general,” the blog post quotes him. “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.”

Reference: https://cointelegraph.com/news/blockchain-tech-provider-bitfury-gains-government-approval-for-35-mln-norway-datacenter

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