Global Bitcoin mining equipment company KnC Miner announced in a press release that they will grow their business with a 20 MW datacenter in Boden, in The Node Pole region near the Arctic Circle in Sweden.
The investment – called Boden 2 – bring their site to a total of 30 MW and 15 000 square meters. The new datacenter will be operational by the end of 2014 and will be used for cloud services and for hosting of specialized Bitcoin mining hardware to a global client-base.
KnC Miner co-founder Sam Cole said:
“We have the planet’s most efficient bitcoin cloud mining operation. Our Clear Sky farms in the polar region takes advantage of locally produced renewable hydropower and the surrounding arctic air to achieve industry-leading efficiency. This set-up rewards us the opportunity to sell powerful bitcoin mining monitored with absolutely no hidden fees at all.”
High Tech, Electricity Intensive Data Centers
In February, KNC Miner started work for their first datacenter in Boden – a town in close vicinity to Facebook’s European datacenter. The initial investment was 10 MW in a facility previously used as a helicopter hangar for the Swedish armed forces. The new 20 MW at the site enables for the company to expand mining operations and increase the ability to offer services to consumers in relation to the Bitcoin environment.
KnCMiner, a specialist of proven extreme-performance cryptocurrency hardware, delivers chip design and software for blockchain-based applications including mining hardware, cloud services and mobile apps.
The Node Pole region encompasses the municipalities Luleå, Boden and Piteå in the very north of Sweden, just by the Arctic Circle. The region has the epithet The Node Pole due to its northern position and the ongoing process to become a global hub for data traffic. The Node Pole holds perfect conditions to create customized construction solutions for high tech, electricity intensive construction such as data centers. In addition to having an extremely stable electricity infrastructure, The Node Pole region provides natural cooling and renewable hydro- and windpower with low energy costs. Sweden enjoys one of the lowest electricity pricing in Europe, and The Node Pole region has the lowest electricity price in Sweden. The area is also one of the most geologically, politically and socially stable areas in the world.
Erik Lundström, CEO of The Node Pole, said:
“For me, the investment is a proof that our conditions for large-scale data storage are on demand and that our focus on the field is contemporary. In a world where many clouds are coloured grey by coal plants so we are proud to offer clean, redundant and renewable energy that make green clouds.”
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Images from KnC Miner and The Node Pole.Get Exclusive Crypto Analysis by Professional Traders and Investors on Hacked.com. Sign up now and get the first month for free. Click here.