The hydropower-based facility will replace oil-based heating, significantly lowering operational costs while achieving 95% rig efficiency
Sazmining, one of the world’s first Bitcoin mining platforms created to connect individual retail miners with carbon-neutral mining facilities, has launched a new hydro-powered data centre in Norway.
Scheduled to open in December 2024, this milestone marks the first time retail clients can access hydro-based mining and heat reuse technology, lowering operational costs while enhancing sustainability metrics.
Located above the Arctic Circle in one of Earth’s coldest regions, the area around the data centre is rich in wildlife. It is also one of the few places to witness the midnight sun in summer and the polar night in winter. This milestone will positively impact the local community, educating Norway and its politicians that sustainable heating technologies and Bitcoin mining can work hand in hand to support the country’s leadership in eco-friendliness.
“We’re proving that Bitcoin mining can deliver true value for value,” said Kent Halliburton, CEO and Co-founder, Sazmining. “By integrating nearly 100% carbon-free energy and repurposing mining heat for local industries, we’re creating a win-win for everyone. Our customers benefit from sustainable, cutting-edge mining, and the community sees reduced energy costs and strengthened local businesses. This approach ensures that innovation and sustainability go hand in hand, benefiting everyone involved.”
With a 95% rig performance guarantee, Bitcoin miners at the new data centre can enjoy consistent output. In a pioneering effort, the waste heat generated from mining will be repurposed to replace an oil-fired boiler, supplying heat for local entrepreneurs and community builders.
Furthermore, the excess heat will be repurposed for local industries, such as cod drying – a traditional practice in the region. Accelerating and stabilising the drying process reduces energy demands and costs, reinforcing Sazmining’s commitment to clean energy solutions. Clients will also enjoy the benefits of participating in sustainable Bitcoin mining with a 99% carbon-free footprint.
