A surprising corporate deal took place last week which will result in a new data centre in Grand Falls, NB, being part of an environmentally sustainable cryptocurrency operation.
Vancouver-based HIVE Blockchain Technologies, which is listed on the TSX Venture exchange, issued a statement Thursday saying it would pay about $25 million in stock for GPU Atlantic, a division of Montreal’s GPU.One. The main asset of GPU Atlantic is a 50-megawatt power facility in Grand Falls with a dedicated cryptocurrency mining operation.
It’s an expansion move for HIVE, which is dedicated to building