Green Bitcoin mining firm will soon be based in North Dakota
One U.S. state has welcomed a green Bitcoin (BTC) mining business into its fold as the cryptocurrency sector develops across nations and industries and environmental problems give birth to restrictive legislation.
Bitzero, a 100% renewable Bitcoin mining firm “powered by green power source, disruptive innovation, and technology,” will be based in North Dakota.
On June 1, Bitzero and the North Dakota governor’s office issued a joint press release announcing the news.
Bitzero CEO Akbar Shamji and Mandan, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox struck a contract with state governor Doug Burgum and Bitzero Strategic Investor Kevin O’Leary.
This agreement would enable Bitzero to locate its headquarters in North Dakota and use it as a hub for all of the company’s activities in North America.
the company’s ambitions to create 200 megawatts of data centres “with a special goal of supplying state data demand,” as outlined by Bitzero’s CEO, went into further depth.
Two to three years from now, the corporation will spend $400 million to $500 million in North Dakota’s data centres, as well as $200 million to $500 million in a collaborative graphene battery technology initiative, which will also be funded by this investment. Approximately 15 to 20 employees are expected to work in the headquarters, according to Shamji.
As a further guarantee, the governor of North Dakota said that
Another example of how North Dakota is developing as a place of choice for clean energy data centres backed by dependable, inexpensive power supplied with environmental care is Bitzero’s plan to put its North American headquarters in North Dakota. Our economy will continue to be diversified by this expanding sector, which will raise North Dakota’s profile as a business location for digital entrepreneurs and innovators.”
In addition, Bitzero aims to collaborate with MHA Nation on the organization’s greenhouse project, as well as participate in several negotiations for additional initiatives, which they hope to actualize in the next few months, according to the news release.
This news comes at a time when the New York State Senate has recently supported a resolution to restrict Bitcoin mining for at least two years because of environmental concerns.