North Dakota Department of Commerce to promote state as hub for data processing, cryptocurrency mining

BISMARCK, N.D. (KFYR) – North Dakota is popular for its power manufacturing and also farming, and also state business authorities are wanting to make the state a center for premium information handling.

With chilly temperature levels and also reduced power expenses, the division of business has actually been hiring technology firms throughout the globe to purchase North Dakota. While the emphasis has actually gotten on structure information facilities for cryptocurrency mining, authorities stated there can be numerous usages for these structures.

“Cryptocurrency might be the highest possible and also finest usage for these information facilities now, yet if those business economics alter progressing, those existing facilities might similarly be transformed to a Google, or Facebook, or Amazon.com Information Facility,” stated Josh Teigen, Supervisor of Economic Advancement and also Financing for the North Dakota Division of Business.

Atlas Power and also Crusoe Power are several of the most recent firms to construct information facilities in North Dakota. Teigen included that virtually $3 billion in various other jobs might be being available in the future, which will certainly aid the state expand its economic situation.

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