Photo credit: Jan M. Lillebø / Bergens Tidende
This week parts of the old factory premises of Dale of Norway are being converted into a data center. Norwegian company Kryptovault will use cheap Norwegian hydropower for cryptocurrency mining.
A press release from Kryptovault says they will rent 10,000 square meters, with option of an additional 10,000 sqm. "We have chosen Dale Factories primarily because of the location near safe and large amounts of power, as well as the infrastructure already in place," says Rein-Owe Flister, CEO of Kryptovault AS in the press release.
The company states that they have already placed the first computers in the facility at Dale. Dale Factories, which lease the space for the data center, write on their website that they have available 20MW of electricity today.
According to Kryptovault, Dale's location will be profitable, environmentally friendly and create jobs locally. "One of the world's largest data centers is currently in China and operates mainly on coal power. Our production is based on short-range environmentally friendly renewable hydropower", Flister said.
I find this highly interesting. I've read about other companies trying to do the same other places in Norway, trying to compete with the large mining centers in China that runs on coal by using cheap hydropower. It's a good trend, and I hope they will succeed.
Source (Norwegian): https://sysla.no/teknologi/skal-utvinne-bitcoin-fra-nedlagt-klesfabrikk/
Very interesting article. I love that they're using clen and renewable energy to mine crypto as the power consumption normally used to run the mining computers is becoming an issue.
Yeah, I like the idea of using clean renewable energy to mine crypto. Hope they succeed!
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