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In Norway, a mining center will be established for 105 million euros with the participation of a Russian investor



The new production complex will use only environmentally friendly electricity.



22.Dec.17 1:12 AM
By Mark Gainer
Photo Toinnov.com

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In Norway, a mining center will be established for 105 million euros with the participation of a Russian investor
Russian IT-company New Mining and its Norwegian partner Nordavind plan to create a large data center in Norway for crypto-currency mining. As reported by the Internet magazine ForkLog, the total investment in this project will be about 105 million euros.

The building complex is planned to be built early next year in the south of Norway near Oslo. The investor explains his choice by cheap electricity in this Scandinavian country: the cost of one kilowatt-hour for commercial enterprises is there without taking into account taxes of 0.29 Norwegian koruna, which corresponds to about 2.5 rubles. In New Mining they emphasize that the data center will use only environmentally friendly electricity from the Norwegian hydropower plants and wind power plants. During the implementation of the project, it is also planned to solve the task of creating a cheap and effective cooling system for the mining process.

Note that earlier the Japanese company GMO Internet announced its intention to become a leader in the field of mining cryptocurrency and to open its representative office in Northern Europe for this.



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