Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful had invested in Bitzero. And now they’re announcing that Bitzero will build its North American headquarters in North Dakota. This news is important. Because of the things they’ll do with the heat that the data center will produce.
Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to fuel the region’s food production throughout the year. The company will partner with MHA Nation’s greenhouse project to accomplish it. And they’ll use North Dakota’s abundant green energy resources to mine the bitcoin without even touching carbon. Mr. We are in a win-win scenario here because of Wonderful
In Press release from the government, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox said, “Bitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company’s zero carbon mandate. The additional heat produced from the data center facility will be used for our MHA Nation’s Greenhouse Project currently under construction.”
It is exciting to share that North Dakota has been chosen as the right choice. @bitzerodotcom‘s headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent. 1/ pic.twitter.com/GylnM1aNaO
— Gov. Doug Burgum (@DougBurgum) June 1, 2022
The company has already raised $100M from the 500M it received for its North American headquarters. Bitzero is hosting an IPO in Canada within the next 2 months. This green mining company for bitcoin is from Namsskogan in Norway. Their data centers are already powered by hydroelectric energy. That means, it’s 100% renewable. You can even use the heat to produce food.
Was Mr. What Does Mr.
Bitzero fulfilled the plan to reveal the North American headquarters plans before the IPO. It was a small event that seemed private with politicians, entrepreneurs and the media. The North Dakota venture became a reality. Local radio station KVRRProvides video and quotes from Mr. Amazing saying
“Data is the new oil. This state has an abundance of energy. This state has the potential to use some of its energy and diversify in order to satisfy every sovereign. You can’t beat the value of your data being on your own land. In a stable place because it’s the records of people, it’s the banking system. It’s all of the information that every single sector of the economy needs.”
For his part, Governor Doug Burgum said in a tweet, “excited to announce that North Dakota emerged as the logical choice for Bitzero’s headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent.”
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North Dakota Projects
The middle of April was just two months ago. North Dakota’s government announcesVisit by Mr. Wonderful and Bitzero CEO Akbar Shamji. The purpose of the visit was “to evaluate potential Bitcoin mining investment opportunities” in the state. Evidently, everything went smoothly.
Bitcoin mining is a great option that uses 100% green energy, such as solar, wind and nuclear, which can be used to generate electricity.
— Kevin O’Leary aka Mr. Fantastic (@kevinolearytv). May 10, 2022
They also announced two other things at the time. First, “the bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.” So, this is just starting. Second, “in addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology.” So, there’s more coming.
“There’s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro,” Mr. Wonderful recently tweeted. A recent CointelegraphInterview, Mr. Wonderful said, “Private capital must be compliant with environmental, social and governance factors. ESG was once a marketing term, but now it’s a real thing.”
Even though not everyone in the bitcoin space agrees with him, it’s commendable that Mr. It’s more than just talk. He’s betting on a green future for bitcoin, and apparently, he’s betting big.
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