A new bitcoin mining company has attracted private investment in the amount of $ 18 million.
As it became known, in the county of Tazewell, Virginia, on the site of the Bluestone Business and Technology Park, on October 25, the work of the bitcoin mining data center was launched in a solemn atmosphere.
The company-operator of mining equipment — Blackstone Data Services, LLC — provides hosting services, server operation, as well as maintenance of equipment with its capacities. It was able to attract private investment in the amount of $ 18 million to carry out her business activities.
As stated by Republican Congressman Morgan Griffith from Virginia:
"Data centers and cryptocurrencies are opening up new economic opportunities for Southwest Virginia, and the solution of Blackstone Data Services, LLC will help unlock this potential, while simultaneously creating new jobs and investment flows in our region."
Initially, the company announced the opening of five new jobs with the prospect of increasing their number. Blackstone Data Services, LLC stated that they see their mission as "to enable our customers to invest in new technologies without any difficulties associated with setting up equipment."
A representative of the state Senate, Republican Senator Travis Nackworth, said that:
"I am delighted that such a business is coming to our region, as it contributes to the diversification of our economy. This is the type of entrepreneurial activity that economically strengthens us."
The representative of the county municipality also noted that "the arrival of the mining business means for us the introduction of much-needed high technologies into the economy, as well as significant capital investments."