Bitfury Group is set to expand into Norway with the opening of an energy efficient data center investing about 274 million NOK (35 million USD) in the data center’s infrastructure and expects the center to create approximately 30 local jobs. Two physical sites in Mo Industrial Park in the town of Mo i Rana is planned by the data center.
According to Bitfury CEO Valery Vavilov:
“Norway is a perfect match for Bitfury’s focus on innovation and growth. 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.”
Making one of the world’s most energy efficient data center, Bitfury quoted that the power usage effectiveness (PUE) in the datacenter is 1.05 or lower on an average as the company is purchasing about 350 GWh of 100% renewable energy per year from local supplier Helgeland Kraft. The company also ensures the renewable sources by acquiring Guarantee of Origin certificates from local generation, including the Øvre Forsland, a prize-winning hydropower plant.
Torbjørn Røe Isaksen, Norway’s Minister of Trade and Industry also commented the following about the new investment :
“I am delighted that the Bitfury Group has chosen to establish their new data center in Norway and Mo i Rana. Data will become an increasingly important resource for the business community as well as for society in general. This represents a major economic opportunity for Norwegian businesses. The datacenter industry is growing fast, and provides Norway with opportunities of economic growth and new jobs.”
Headquartered in the Netherlands, Bitfury operates through its subsidiaries and develops and delivers data analytics, property rights registration, and voting and chain hub software. Bitfury also develops hardware that includes servers, semiconductors and microelectronics and data center construction solutions.