Bitcoin Miner Bitzero To Build $500 Million Headquarters In North Dakota | Bitcoin Magazinebitcoinmagazine.com/business/bitcoin-miner-bitzero-to-build-headquarters-in-north-dakota
42 sats \ 11 comments \ @MinnFinTech 3 Jun 2022 bitcoin
write
preview
related posts
30 sats \ 0 replies \ @0391398253 3 Jun 2022
Big if true.
reply
20 sats \ 0 replies \ @nerd2ninja 3 Jun 2022
North Dakota is cold as hell so its a great place for a mining operation
reply
20 sats \ 0 replies \ @a_e2022 3 Jun 2022 freebie
great information
reply
0 sats \ 3 replies \ @MinnFinTech OP 3 Jun 2022
The press release from the governor:
“Bitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company’s zero carbon mandate,” Fox said. “The additional heat produced from the data center facility will be used for our MHA Nation’s Greenhouse Project currently under construction.”
Bitzero is in multiple discussions for other projects that are expected to come to fruition over the next few months, which will include wind and solar projects.
Burgum joins Bitzero officials to announce North Dakota as site of company’s North American headquarters https://www.governor.nd.gov/news/burgum-joins-bitzero-officials-announce-north-dakota-site-companys-north-american-headquarters
reply
0 sats \ 2 replies \ @MinnFinTech OP 3 Jun 2022
The greenhouse is (or maybe was, now that they have the heat from the bitcoin mining?) going to be using the excess gas from Bakken, which is nearby:
[...] to grow food all year long.
“So you’ve got the regular captured gas that we can use off of the gas lines that exist near our greenhouses, and then there’s the flared gas, which is a second form,” he continued. “We can do remote gathering, compress that gas, and put it into usable form like NGL, or natural gas liquids. Then we bring that over, store it, and boom, we run our greenhouses off of that.”
“So we’re going to end this waste,” he said. “We’re going to capture this gas, and by golly, while we’re doing it, we’re going to grow food, making it a major part of our economy and our own consumption.”
“We need to work with our local colleges to create degree programs for these things,” he said. “There’s a big technology part, using computers to constantly analyze the air inside, remember temperature controls, make sure we know how much oxygen and how much CO2 there is. All of these have instrument panels, and it’s very high tech.”
“This isn’t just like build a greenhouse, let the sun shine in, and water some plants and that’s it,” he said.
https://www.nativebusinessmag.com/the-mha-nation-wants-to-feed-the-world-in-a-food-sovereignty-revolution/
reply
0 sats \ 1 reply \ @MinnFinTech OP 3 Jun 2022
Self-contained, climate-controlled greenhouses will grow vegetable produce from heat and electricity generated by converting captured gas from oil wells that is currently being flared, as well as, utilizing electricity from our dedicated WAPA allocation.
MHA Nation breaks ground on greenhouse project https://www.mhanation.com/news/2021/4/19/mha-nation-groundbreaking-ceremony-for-ng2-green-house-project?rq=greenhouse
reply
0 sats \ 0 replies \ @MinnFinTech OP 3 Jun 2022
For the dam whose hydroelectric generation will power this mining op:
These lands were owned by the Three Affiliated Tribes, and the territory "had been their home for perhaps more than a millennium.
The tribes gained remuneration, but lost 94% of their agricultural land[6]: 59–60 in 1947, when they were forced to accept $5,105,625. This amount was increased to $7.5 million in 1949, but it did not fully compensate them for the loss of their important farmlands, homes, towns, and graves. They had cultivated the bottomlands and were able to be largely self-sufficient.
The final settlement legislation denied the tribes' right to use the reservoir shoreline for traditional grazing, hunting, fishing or other purposes, including irrigation development and royalty rights on all subsurface minerals within the reservoir area.
Thus construction of Garrison Dam almost totally destroyed the traditional way of life for the Three Affiliated Tribes and made them much more dependent on the federal government
Hydropower turbines at Garrison Dam have an electric power generating nameplate capacity of 583.3 MW. Average production of 240 MW serves several hundred thousand customers.
Garrison Dam https://en.wikipedia.org/wiki/Garrison_Dam
reply
0 sats \ 3 replies \ @MinnFinTech OP 3 Jun 2022
The company has currently raised $100 million and is planning an IPO in Canada within the next 60 days.
The miner distilled the plans on Thursday in a joint press release with the governor of North Dakota’s office and notable investors such as Kevin O’Leary.
[...] also announced plans to partner with MHA Nation’s greenhouse project which will allow heat from Bitzero operations to be used for food production throughout the year.
The CEO stated it will likely be located in Bismarck or Fargo and will employ 15-20 people for operations. The bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.
The CEO stated it will likely be located in Bismarck or Fargo and will employ 15-20 people for operations. The bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.
reply
0 sats \ 2 replies \ @MinnFinTech OP 3 Jun 2022
“This announcement comes in advance of a Montana project announcement scheduled for tomorrow.”
Since this was on Wednesday, on Thursday the details about that had been announced:
The 100% green bitcoin mining company Bitzero will build a 50-megawatt data center in Polson using hydroelectric power from the Seli's Ksanka Qlispe' Dam, formerly known as the Kerr Dam.
https://nbcmontana.com/news/local/business-leaders-gather-at-montana-economic-summit-in-bozeman
reply
1 sat \ 0 replies \ @BTCMiner 3 Jun 2022
There was another article in which the Montana project is covered, and there is a separate post, here on SN, for that:
Bitcoin mining company to build data center in Montana | Bozeman Daily Chronicle #33904 https://www.bozemandailychronicle.com/news/economy/bitcoin-mining-company-to-build-data-center-in-montana/article_864c11ef-aa0b-5758-8996-694e296e982c.html https://archive.ph/tw7gO
reply
0 sats \ 0 replies \ @MinnFinTech OP 5 Jun 2022
CoinDesk also had an article on this:
Television personality and green mining advocate O’Leary is a strategic investor in Bitzero, along with Dubai-based Phoenix Group, a bitcoin mining rig supplier and venture capital firm.
Kevin O’Leary-Backed Bitcoin Miner to Locate HQ in North Dakota https://www.coindesk.com/business/2022/06/02/kevin-oleary-backed-bitcoin-miner-to-locate-hq-in-north-dakota https://archive.ph/6CG6l <-- An archive of the article, which can be easier to read
reply