{"id":492117,"date":"2022-06-03T09:24:03","date_gmt":"2022-06-03T09:24:03","guid":{"rendered":"https:\/\/www.wncen.com\/?p=492117"},"modified":"2024-06-11T12:11:01","modified_gmt":"2024-06-11T12:11:01","slug":"mr-wonderful-backed-green-bitcoin-mining-venture-to-build-500m-hq-in-n-dakota","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/mr-wonderful-backed-green-bitcoin-mining-venture-to-build-500m-hq-in-n-dakota\/","title":{"rendered":"Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Who\u2019s putting his money where his mouth is? Mr. Wonderful AKA Kevin O\u2019Leary is. As one of the main proponents of the industry\u2019s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they\u2019re announcing that the company will build its North American headquarters in North Dakota. Why is this news? Because of the things they\u2019ll do with the heat that the data center will produce.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to fuel the region\u2019s food production throughout the year. The company will partner with MHA Nation\u2019s greenhouse project to accomplish it. And they\u2019ll use North Dakota\u2019s abundant green energy resources to mine the bitcoin without even touching carbon. Mr. Wonderful is presenting us with a win-win situation right here.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/www.governor.nd.gov\/news\/burgum-joins-bitzero-officials-announce-north-dakota-site-companys-north-american-headquarters\" rel=\"nofollow\"><span style=\"font-weight: 400\">governmental press release<\/span><\/a><span style=\"font-weight: 400\">, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox said, \u201cBitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company\u2019s zero carbon mandate. The additional heat produced from the data center facility will be used for our MHA Nation\u2019s Greenhouse Project currently under construction.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Excited to announce that North Dakota emerged as the logical choice for <a href=\"https:\/\/twitter.com\/bitzerodotcom?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@bitzerodotcom<\/a>&#39;s headquarters due to alignment on the state\u2019s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent. 1\/ <a href=\"https:\/\/t.co\/GylnM1aNaO\" rel=\"nofollow\">pic.twitter.com\/GylnM1aNaO<\/a><\/p>\n<p>&mdash; Gov. Doug Burgum (@GovDougBurgum) <a href=\"https:\/\/twitter.com\/GovDougBurgum\/status\/19094784?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Out of the $500M for the North American HQ, the company already raised $100M. At one point over the next two months, Bitzero will host an IPO in Canada to get the rest. The green bitcoin mining company is originally from Namsskogan, Norway, where their data centers already work with hydroelectric power. That means, their operations run on 100% renewable energy. Using the heat for food production is a benefit on top of that.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">What Does Mr. Wonderful Have To Say About The Situation?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The plan was to announce the North American headquarters before the IPO, and Bitzero delivered. In what seems like a private event with entrepreneurs, politicians, and media, the North Dakota part of the venture came to life. Local <\/span><a href=\"https:\/\/www.kvrr.com\/2022\/06\/01\/bitzero-to-locate-north-american-headquarters-in-north-dakota\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">radio station KVRR<\/span><\/a><span style=\"font-weight: 400\"> provides video and quotes Mr. Wonderful saying:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">\u201cData is the new oil. This state has plenty of energy. Now, it has an opportunity to convert some of it and diversify into what every single sovereign wants. The value of having your data on your own soil. In a stable place because it\u2019s the records of people, it\u2019s the banking system. It\u2019s all of the information that every single sector of the economy needs.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">For his part, Governor Doug Burgum said in a tweet, \u201cexcited to announce that North Dakota emerged as the logical choice for Bitzero\u2019s headquarters due to alignment on the state\u2019s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent.\u201d<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-492119 aligncenter\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/06\/BTCUSD_2022-06-03_06-13-36.png?resize=460%2C256\" alt=\"BTCUSD price chart for 06\/03\/2022 - TradingView\" width=\"460\" height=\"256\"><\/p>\n<pre style=\"text-align: center\">BTC price chart for 06\/03\/2022 on Cexio | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">Other Projects in North Dakota<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In the middle of April, just a couple of months ago, the <\/span><a href=\"https:\/\/www.nd.gov\/news\/kevin-oleary-ceo-and-representatives-bitzero-visit-north-dakota\" rel=\"nofollow\"><span style=\"font-weight: 400\">government of North Dakota announced<\/span><\/a><span style=\"font-weight: 400\"> a visit by Mr. Wonderful and Bitzero CEO Akbar Shamji. The purpose of the visit was \u201cto evaluate potential Bitcoin mining investment opportunities\u201d in the state. Apparently, things went well.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">There&#39;s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro.<\/p>\n<p>&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href=\"https:\/\/twitter.com\/kevinolearytv\/status\/58749701?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">At the time, they announced two more things. First, \u201cthe bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.\u201d So, this is just starting. Second, \u201cin addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology.\u201d So, there\u2019s more coming.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThere&#8217;s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro,\u201d Mr. Wonderful said recently in a tweet. Plus, in a <\/span><a href=\"https:\/\/cointelegraph.com\/news\/go-green-or-die-bitcoin-miners-aim-for-carbon-neutrality-by-mining-near-data-centers\" rel=\"nofollow\"><span style=\"font-weight: 400\">Cointelegraph<\/span><\/a><span style=\"font-weight: 400\"> interview<\/span><span style=\"font-weight: 400\">, Mr. Wonderful said, \u201cPrivate capital must be compliant with environmental, social and governance factors. ESG was once a marketing term, but now it&#8217;s a real thing.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Even though not everyone in the bitcoin space agrees with him, it\u2019s commendable that Mr. Wonderful is not just talking. He\u2019s betting on a green future for bitcoin, and apparently, he\u2019s betting big.<\/span><\/p>\n<pre style=\"text-align: center\">Featured Image by <a href=\"https:\/\/unsplash.com\/@timmossholder?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow\">Tim Mossholder<\/a> on <a href=\"https:\/\/unsplash.com\/es\/s\/fotos\/food-production?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow\">Unsplash<\/a>  | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Who\u2019s putting his money where his mouth is? Mr. Wonderful AKA Kevin O\u2019Leary is. As one of the main proponents of the industry\u2019s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they\u2019re announcing that the company will build its North American headquarters in North Dakota. Why is this news? Because of the things they\u2019ll do with the heat that the data center will produce. Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to fuel the region\u2019s food production throughout the year. The company will partner with MHA Nation\u2019s greenhouse project to accomplish it. And they\u2019ll use North Dakota\u2019s abundant green energy resources to mine the bitcoin without even touching carbon. Mr. Wonderful is presenting us with a win-win situation right here.\u00a0 In a governmental press release, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox said, \u201cBitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company\u2019s zero carbon mandate. The additional heat produced from the data center facility will be used for our MHA Nation\u2019s Greenhouse Project currently under construction.\u201d Excited to announce that North Dakota emerged as the logical choice for @bitzerodotcom&#39;s headquarters due to alignment on the state\u2019s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent. 1\/ pic.twitter.com\/GylnM1aNaO &mdash; Gov. Doug Burgum (@GovDougBurgum) June 1, 2022 Out of the $500M for the North American HQ, the company already raised $100M. At one point over the next two months, Bitzero will host an IPO in Canada to get the rest. The green bitcoin mining company is originally from Namsskogan, Norway, where their data centers already work with hydroelectric power. That means, their operations run on 100% renewable energy. Using the heat for food production is a benefit on top of that.\u00a0 What Does Mr. Wonderful Have To Say About The Situation? The plan was to announce the North American headquarters before the IPO, and Bitzero delivered. In what seems like a private event with entrepreneurs, politicians, and media, the North Dakota part of the venture came to life. Local radio station KVRR provides video and quotes Mr. Wonderful saying: \u201cData is the new oil. This state has plenty of energy. Now, it has an opportunity to convert some of it and diversify into what every single sovereign wants. The value of having your data on your own soil. In a stable place because it\u2019s the records of people, it\u2019s the banking system. It\u2019s all of the information that every single sector of the economy needs.\u201d For his part, Governor Doug Burgum said in a tweet, \u201cexcited to announce that North Dakota emerged as the logical choice for Bitzero\u2019s headquarters due to alignment on the state\u2019s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent.\u201d BTC price chart for 06\/03\/2022 on Cexio | Source: BTC\/USD on TradingView.com Other Projects in North Dakota In the middle of April, just a couple of months ago, the government of North Dakota announced a visit by Mr. Wonderful and Bitzero CEO Akbar Shamji. The purpose of the visit was \u201cto evaluate potential Bitcoin mining investment opportunities\u201d in the state. Apparently, things went well.\u00a0 There&#39;s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro. &mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) May 10, 2022 At the time, they announced two more things. First, \u201cthe bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.\u201d So, this is just starting. Second, \u201cin addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology.\u201d So, there\u2019s more coming.\u00a0 \u201cThere&#8217;s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro,\u201d Mr. Wonderful said recently in a tweet. Plus, in a Cointelegraph interview, Mr. Wonderful said, \u201cPrivate capital must be compliant with environmental, social and governance factors. ESG was once a marketing term, but now it&#8217;s a real thing.\u201d\u00a0 Even though not everyone in the bitcoin space agrees with him, it\u2019s commendable that Mr. Wonderful is not just talking. He\u2019s betting on a green future for bitcoin, and apparently, he\u2019s betting big. Featured Image by Tim Mossholder on Unsplash | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":492118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86095,84250,85208,85126,86096,9672,11313,86097,85045,12575,15563,86098,86099,86094,17040,3201],"class_list":["post-492117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-akbar-shamji","tag-bitcoin-green-energy","tag-bitcoin-incentivizes-green-energy","tag-bitcoin-incentivizes-green-energy-infrastructure","tag-bitzero","tag-data-center","tag-esg","tag-governor-doug-burgum","tag-green-bitcoin","tag-green-energy","tag-kevin-oleary","tag-mark-fox","tag-mha-nation","tag-mr-wonderful","tag-north-dakota","tag-norway"],"acf":[],"yoast_head":"\n<title>Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. 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