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Saturday, September 30, 2017

Crypto News: U.S. Company to Establish 35 plus MW Mining Farm in Sweden

U.S. Company to Establish 35 plus MW Mining Farm in Sweden

Miami-based The Future Of Mining (TFOM), a company specializing in mining and high-performance computing services, has announced that it is setting up a data center in the Swedish tech hub of Boden-Älvsbyn. The company has negotiated a deal with the municipality of Älvsbyn granting TFOM a 1,500m2 data center facility and a large adjacent office facility. Boden-Älvsbyn already hosts several global companies involved in high-performance computing and the blockchain industries, such as Canaan Creative.

Local mayor, Helena Öhlund, has welcomed the investment from TFOM, praising Swedish regulators for seeking to capitalize upon the growing cryptocurrency and blockchain industries. “Sweden is right on track to secure growth in this new emerging industry. Today we’re quite happy and proud to take this next step together with The Future of Mining.”

The data center site will be located on a brownfield site that previously housed the National Telecoms Administration. The site is connected to two of the three fiber grids running through the area and is adjacent to an 80 MW substation run by Vattenfall.

Full story at

Source: Bitcoin News

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