New specialized Blockchain data center established by Bitfury in Mo i Rana.
Today Bitfury hosted a joint newsconference today on the 19th of march 2018 along with representatives from Mo Industrial Park (MIP), the Municipality of Rana and HelgelandsKraft.
The new data center has a calculated energy usage of 350 Gwh pr Year, making this the largest data center in Norway in terms of raw compute/energy consumption. By utilizing 100% green energy with certificates of authenticity produced locally by power supplier Helgelandskraft, along with a low PUE of 1,05 or lower, this is an environmentally sound installation compared to other installations based on non renewable power or installations that have power loss due to distances from power production. The Low PUE is naturally also a result of the cold average temperature in Mo i Rana that can be utilized in getting efficient cooling.
During the press conference Bitfurys CEO, Valery Vavilov, praised the local industry and MIP for high flexibility and the ability to make quick decisions. The infrastructure investment alone has a price tag of USD 35 millions / 270 mill NOK and 30-35 new jobs will be established as a result of the investment. The added benefit of an reduced employer tax in Nordland also helped in deciding the final location for the investment.
Block chain for the future
The data center is specialized in computing block-chain calculations and both racks, chips and general design is designed by Bitfury. The Blockchain technology and Bitcoins are key to more than just crypto-currencies and can be utilized in any form of secure transactions. Examples of Blockchain usage can be in document verification, public registries such as building, car etc, new insurance models and direct account to account transfers among others. See below video for some examples of what Blockchain and Bitcoins can be used for: