The Bitfury Group today announced it is expanding into Norway, opening an energy efficient datacenter that will create approximately 30 local jobs.
Bitfury CEO Valery Vavilov made the announcement at the new datacenter.
Vavilov said Norway is an extraordinarily innovative country and a crucial area of growth for blockchain technology. He commended the federal government for creating a favorable tax code that makes companies like Bitfury want to invest in Norway.
“Norway is a perfect match for Bitfury’s focus on innovation and growth,” said Vavilov. “We look forward to identifying new customer relationships and designing the products and solutions they need to make their enterprises run more securely and efficiently.”
Bitfury is investing $35M in the datacenter’s infrastructure.
The datacenter is expected to be one of the world’s most energy efficient. Bitfury plans to purchase about 350 GWh of 100% renewable energy per year. Additionally, it ensures that the energy comes from renewable sources by acquiring Guarantee of Origin certificates from local generation, including the renowned Øvre Forsland, a prize-winning hydropower plant.
Write: Richard Abermann