A digital mining company aimed at using renewable energy said it plans to make North Dakota its headquarters and hub for all of its North American operations. Bitzero announced Wednesday that within three years it intends to build 200 megawatts of data centers in the state and is participating in a joint venture to become an assembly and distribution center for graphene battery technology. The company says those two proposals alone could represent an investment of up to $1 billion. In addition, Bitzero plans to partner with Mandan, Hidatsa and Arikara Nation to purchase power from the proposed data center to heat the tribe’s greenhouse project. Despite Wednesday’s announcement in Fargo, no specific location for the company’s headquarters has been chosen.
Today, Governor Doug Burgum announced with Bitzer strategic investor Kevin O’Leary, Bitzer CEO Akbar Shamji, and Mark Fox, Chairman of the Board of State for Mandan, Hidatsa and Arikara (MHA), North Dakota as the headquarters of Pizzao and the hub for all North American operations.
North Dakota emerged as a logical choice for Pizzo due to its alignment with the state’s goal of being carbon neutral by 2030, a strong energy industry, favorable tax and regulatory environment, and access to high-level engineering and software talent to market new property literate in the data center space.
“Bitzer’s decision to locate its North American headquarters in North Dakota is another example of how our state has emerged as a preferred location for reliable, affordable, electrically powered clean energy data centers that are produced with environmental stewardship,” Burgum said at a press conference. in Fargo. “This growing industry will continue to diversify our economy and elevate North Dakota’s standing as a place to do business for entrepreneurs and tech innovators.”
Shamjee said Bitzer plans to build 200 megawatts of data centers in North Dakota in the next two to three years, with the specific purpose of serving the state’s data requirements. Data centers represent an investment of between $400 million and $500 million. In addition, the company is involved in a graphene battery technology joint venture that plans to bring an assembly and distribution center to North Dakota, representing an investment of between $200 million and $500 million in the next two to three years, he said. He said the headquarters, whose location has not yet been determined, will employ 15 to 20 people to lead operations in the state.
So far, Bitzero has raised nearly $100 million in venture capital and plans an initial public offering on the Canadian stock exchange within the next 60 days and a subsequent listing on the Nasdaq once regulatory approval is passed, company officials said.
“Establishing a headquarters in North America prior to the initial public offering has been an important strategic part for Petero, and we plan to begin integrating operations in North Dakota as we expand,” O’Leary said. “This announcement comes before the announcement of Project Montana scheduled for tomorrow.”
In addition, Bitzero will partner with MHA Nation to purchase power from Bitzero’s proposed data center for the MHA Nation Greenhouse Project.
“Bitzer is working with us to use hydropower for our Western Region energy management to reflect the company’s zero-carbon commitment,” Fox said. “The additional heat from the data center facility will be used on the MHA Nation’s Greenhouse project that is currently under construction.”
Bitzero is in multiple discussions for other projects expected to come to fruition over the next few months, which will include wind and solar projects.
(ruler version though)
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