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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.
Just like its predecessor, the 20MW Boden 2 facility will be dedicated to Bitcoin mining services. When complete, it will triple the company’s footprint.
“We have the planet’s most efficient bitcoin cloud mining operation. Our Clear Sky farms in the polar region take 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,” said Sam Cole, co-founder of KnC Miner.
No rest for the wicked
Boden is located just 50 miles away from the Arctic Circle. As part of The Node Pole, it benefits from cold climate, cheap electricity, political stability and a rock-solid power grid that hasn’t had a blackout since 1979.
Other Node Pole residents include Facebook, British data center operator Hydro66 and Fortlax, which runs co-location services out of an old army base.
KnC Miner develops hardware and software for Bitcoin mining. The company used to sell ASIC chips to virtual currency enthusiasts, before switching to a cloud-based data center model – think the convenience of AWS or Azure infrastructure, but for virtual currency operations.
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.”
Last month, British data center operator Hydro66 began construction of a 46,000 sq m data center campus in Boden, powered by 100 percent renewable energy. The first phase of the facility will come online by May 2015, offering 8,000 sq m of white space.
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