Bitfury Group will invest $ 35 million in a new energy efficient data center in Norway

Home » FINTECH » Bitfury Group will invest $ 35 million in a new energy efficient data center in Norway
Bitfury Group will invest $ 35 million in a new energy efficient data center in Norway

Bitfury Group, the leading provider of bitcoin and blockchain solutions, announced the opening of a new energy efficient data center in Norway. With the support of local authorities, the company will invest 274 million Norwegian kroner ($ 35 million) in infrastructure and create 30 jobs. The new Bitfury data center was opened in Mo and Rana in the province of Nordland in the north of the country.

“Norway is the perfect combination in terms of Bitfury’s focus on innovation and growth,” said Valery Vavilov, CEO of Bitfury.
The opening of the data center was also attended by the Minister of Trade and Industry of Norway, Thorbjørn Roy Iskaksen. According to him, the arrival of Bitfury in the country offers great opportunities for local business and economic growth.

As noted in Bitfury, the company entered into an agreement to purchase 350 GWh of wholly renewable energy a year from one of the local electricity suppliers.

At the end of last year BitFury Group announced a partnership with Hut 8 Mining Corp., in which the latter will open and manage a network of the largest in North America data centers for bitcoin mining.

  • bitcoinBitcoin$3,588.85
  • rippleXRP$0.320797
  • ethereumEthereum$119.05
  • tetherTether$1.00
  • eosEOS$2.40
  • stellarStellar$0.104671
  • litecoinLitecoin$30.66
  • cardanoCardano$0.043639
  • tronTRON$0.024629
  • moneroMonero$44.46
  • iotaIOTA$0.303965
  • nemNEM$0.055875
  • dashDash$69.55
  • neoNEO$7.44
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 1
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 6
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 24
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 15
© 2017–2018