Home » Blackstone Data Services to open cryptomine data center in Tazewell County, Virginia

Blackstone Data Services to open cryptomine data center in Tazewell County, Virginia

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Blackstone Data Services is developing a new Cryptomin data center in the Bluestone Business and Technology Park Shell Building in Taswell County, Virginia.

The new facility is expected to attract $18 million in private capital investment and is expected to provide five new jobs in the neighborhood. The company will be initially located in the Park’s Shell Building, with two large external data center servers already installed for the company.

Tazewell County is located in the southwestern part of the state, on the southern border of West Virginia.

“We are delighted to welcome Blackstone Data Services to Bluestone Technology Park,” said Charlie Stacy, member of the Eastern District Supervisory Board. “They will bring much-needed high-tech and diverse job opportunities to Taswell County and bring significant capital investment.”

Blackstone is a data center hosting service and cryptocurrency mining business. The new company will provide data center hosting. Server and node maintenance. Manufacture of cryptocurrency mining container assets that benefit the Three States region.

According to Blackstone CEO Seth White, the company will partner with local companies in the coal and natural gas industry to harness energy generation capabilities such as flare gas from coal mines.

Blackstone CEO Seth White said: “Our vision is to provide a portfolio of data hosting and technology services that enable investors to easily access advanced cryptocurrency technologies and deploy them as an investment vehicle.”

The Virginia Coalfields Economic Development Authority (VCEDA) will contribute approximately $270 to the Taswell County IDA to cover site clearing, development, building construction, utility installation, expansion, and other costs associated with the 40,000 square foot development. Approved a $10,000 loan (3,700 sqm) Shell Building in Technology Park. Details of the development have yet to be announced, but reports suggest the company is aiming for 10-12MW.

Completed in 2011, Bluestone Technology and Business Park sits on 680 acres a few miles west of Bluefield.

before this Moona U.S. federal report finds that cryptocurrency mining uses as much energy as a traditional data center, citing the energy impact and the impact that blockchain, the underlying distributed ledger technology, has on positive environmental practices. The United States currently hosts about one-third of the world’s crypto operations.

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