The Future of Mining (TFOM) of Miami building in the North of Sweden near the town of älvsbyn large mining data center, writes Bitcoin.com.

“Sweden is on the right track, ensuring growth of new developing industry. We are very pleased and proud to have made this step together with The Future of Mining”, – said the mayor Alvsbyn Helena Olund.

It is noted that the data center will be located on the abandoned site, which was previously the National Directorate of telecommunications. According to the agreement TFOM leases from the municipality premises for mining power area of 1.5 thousand sq. m. the Plot is connected to two of the three fiber networks, passing through the territory, and located near the substation with a capacity of 80 MW.

TFOM planning to launch its first 5 MW mining capacities in November of this year, and the remaining 35 MW in the next 18 months.

Note that in the municipality of älvsbyn already operate several firms specializing in blockchain technologies and high performance computing. One of them is a famous Chinese manufacturer of mining equipment Canaan Creative.

Earlier it was reported that the stock exchange Nasdaq and the Swedish SEB-Bank switching to blockchain to trade mutual funds.




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