Who’s putting his money where his mouth is? Mr Wonderful aka Kevin O’Leary. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that Bitzero will be building its North American headquarters in North Dakota. Why is this news? Because of the things they would do with the heat produced by the data center.
Heat is an unexpected byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to boost the region’s food production throughout the year. The company will partner with MHA Nation’s Greenhouse Project to accomplish this. And they’ll be using North Dakota’s abundant green energy resources to mine bitcoin without even touching carbon. Mr Wonderful is here to present a profitable deal for us.
one in official press releaseMark Fox, president of Hidtsa and Arikara (MHA) Nation, said, “BitZero is working with us to use our Western Region Power Administration hydroelectric power to reflect the company’s zero-carbon mandate. From the data center facility The excess heat produced will be used for our MHA nation’s greenhouse project which is currently under construction.”
Excited to announce that North Dakota emerged as the logical choice @bitzerodotcomDue to its alignment on the state’s goal of being carbon neutral by 2030, a strong energy industry, favorable tax and regulatory environment and access to top-tier talent. 1/ pic.twitter.com/GylnM1aNaO
— Government Doug Burgum (@DougBurgum) 1 June 2022
Of the $500M for the North American headquarters, the company has already raised $100M. In the next two months or so, Bitzero will host an IPO in Canada to raise the balance. The green bitcoin mining company is originally from Namskogen, Norway, where their data centers already operate with hydroelectric power. This means, it is 100% renewable. The use of heat for food production goes on top of that.
What does Mr. Wonderful have to say about the situation?
There were plans to announce plans for a North American headquarters prior to the IPO, and Bitzero delivered. In what seems like a private event with entrepreneurs, politicians, and the media, the North Dakota part of the enterprise came alive. local radio station KVRR The video offers and quotes Mr. Wonderful as saying:
“Data is the new oil. There’s a lot of energy in this kingdom. Now, he has an opportunity to convert some of it and diversify into what every single sovereign wants. The value of keeping your data on your soil. In a stable place.” Because it’s the people’s record, it’s the banking system. It’s all the information that every single sector of the economy needs.”
For his part, Governor Doug Burgum said in a tweet, “Excited to announce that North Dakota emerged as the logical choice for Bitzero’s headquarters because of its alignment on the state’s goal of being carbon neutral by 2030, A strong energy industry, friendly tax and regulatory environment and access to top-tier talent.”
BTC price chart for 06/03/2022 on Cexio | Source: BTC/USD on TradingView.com
North Dakota . Other Projects in
In mid-April, just a few months ago, The government of North Dakota announced Akbar Shamji, Mr. Wonderful and CEO of Bitzoo, visits. The purpose of the visit was to “evaluate potential bitcoin mining investment opportunities” in the state. Obviously, things went well.
There are huge opportunities in bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro.
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) 10 May 2022
At that point, he announced two more things. First, “the bitcoin mining company plans to generate 200 megawatts (MW) of electricity in data centers over the next two years.” So, it’s just getting started. Second, “in addition to the data centers, the company also plans to develop an assembly and distribution center for graphene battery technology.” So, more is coming.
“There are huge opportunities in bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydroelectricity,” Mr. Wonderful said in a recent tweet. recently Cointelegraph Interview“Private capital has to be in line with environmental, social and governance factors. ESG was once a marketing term, but now it is a real thing,” said Mr. Wonderful.
Even though not everyone in the bitcoin space agrees with him, it is commendable that Mr. Wonderful is not just talking. He’s betting on a green future for bitcoin, and apparently, he’s betting big.
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