This Tuesday ,the Virginia Beach Development Authority shared that it was funding Bcause LLC in an effort to help create as many working places as possible within Virginia Beach.
They have invested around $65 million into the Bitcoin mine, which is currently under construction, but will be opened later this month.
“Virginia Beach is again on the forefront of innovative technology, and we are extremely pleased that Bcause LLC will remain here,”
– Warren Harris, the Virginia Beach Economic Development director stated.
“The cryptocurrency market is rapidly expanding, and we anticipate Bcause LLC will be at the forefront of this emerging financial system.”
Last summer, Montana’s state government funded a $416,000 grant to a bitcoin mining to be opened in their area. They had the same motivation – job creation with the help of establishing new data center resources.