Close Menu
    What's Hot

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Telegram
    ETHDailyETHDaily
    Subscribe
    • Home
    • News
      • Altcoin
      • Bitcoin
      • Blockchain
      • DeFi
      • Ethereum
      • Metaverse
      • NFT
      • Regulation
    • Opinion
    • Markets
    • Featured Articles
    • All Posts
    ETHDailyETHDaily
    Home » Revolve Labs a Bitcoin miner suggests building a 60m data center in Minnesota
    Bitcoin News

    Revolve Labs a Bitcoin miner suggests building a 60m data center in Minnesota

    By adminOct. 21, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email
    Revolve Labs a Bitcoin miner suggests building a 60m data center in Minnesota
    Revolve Labs a Bitcoin miner suggests building a 60m data center in Minnesota
    Share
    Facebook Twitter Reddit Pinterest Email

    Colorado-based Bitcoin mining company Revolve Labs has announced plans to build a $60 million data center in Glencoe, Minnesota, as part of its effort to expand its mining capacity.
    The proposed facility would include one or two AI data centers, cooling systems, and backup generators,
    according
    to the Minnesota Star Tribune. Its goal is to bolster the company’s ability to process Bitcoin (
    BTC
    ) transactions while addressing local concerns about noise pollution.
    The facility, currently in the preliminary planning stages, would employ around 10 people and could cost between $40 million and $60 million.
    The company discussed the project in a September meeting with the Glencoe Economic Development Authority. The site, which spans approximately 6.2 acres, would house both the data center infrastructure and a new power substation to support the expansion, per the Star Tribune.
    Bitcoin
    mining
    is a resource-intensive process where specialized computers solve complex mathematical problems to validate transactions on the Bitcoin network. In return, miners receive Bitcoin as a reward. Data centers like the one Revolve Labs plans to build are essential for supporting these operations, which require substantial computational power and energy.
    In other crypto and Minnesota related news, the Federal Reserve Bank of Minneapolis
    published a working paper
    on October 17, recommending governments either ban or tax Bitcoin to maintain permanent primary deficits.
    The paper labeled Bitcoin as a “balanced budget trap” that hinders policy implementation, especially for governments relying on nominal debt.
    You might also like:
    Minneapolis Fed release paper pushing for Bitcoin ban or tax to maintain deficits
    Bitcoin mining noise complaints
    Mining facilities in Glencoe have sparked some controversy due to the noise generated by the mining equipment and cooling systems, according to the Star Tribune.
    Local residents have raised concerns about noise levels reaching up to 85 decibels, comparable to the sound of a lawnmower. Revolve Labs has faced similar complaints in other locations, including Windom, Minnesota, where the company withdrew a previous expansion proposal following community pushback.
    Similarly, Texas communities have inherited Bitcoin mining facilities and are attracting companies like Marathon Digital and Hut 8 due to their low energy costs and flexible power grid.
    However, the influx of mining operations in Texas
    has caused
    noise levels as high as 91 decibels, leading to hearing loss, headaches, and sleep disturbances among local residents. These health issues have particularly affected older residents, raising concerns about the impact of mining on community well-being.
    Despite concerns of noise, Revolve Labs operations have generated significant economic benefits for the city of Glencoe. According to Dave Meyer, general manager of the Glencoe Light and Power Commission, Revolve Labs’ mining operations have brought in more than $500,000 in net annual revenue for the city.
    These funds have been used to support public infrastructure projects, such as streetlight improvements, while helping to prevent an increase in electrical rates for local residents.
    You might also like:
    BlackRock’s $26b Bitcoin ETF crowned fastest growing fund

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email
    Previous ArticleChromia collaborates with Chasm Network to establish transparent records of AI decisions
    Next Article Whats brewing Is Bitcoin getting ready for a 100K surge

    Related Posts

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025

    Exclusive: Solana Acquires Native Ethereum Bridge Through Across’ Intents Model

    Aug. 20, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    The New Feudalism: The Risks of Western Civilization’s Resistance to Bitcoin Opinion

    Aug. 20, 2025293 Views

    Opinion Unlocking Crypto Wallets Without Private Keys or Seed Phrases

    Sep. 5, 202492 Views

    EU Exchanges Ditching Stablecoins Is This the End for Stablecoins

    Jun. 21, 202415 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Don't Miss
    DeFi

    Reasons Behind the Over 100% Surge in API3 Price This Week

    Aug. 20, 2025

    API3 Surges 102% Following Upbit Listing API3, the native token of decentralized oracle solution…

    Lack of Altcoin Season? Diminished Global Interest in Response to Weak Market Signals

    Aug. 20, 2025

    China Considers Yuan-Backed Stablecoin to Counter Dollar Dominance: Report

    Aug. 20, 2025

    VVV Price Increases as Whales Accumulate Prior to the Launch of Venice’s Tokenized DIEM

    Aug. 20, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    About Us
    About Us

    ETHDaily is your daily cryptocurrencies nutrition and more. Stay updated with the latest insights, developments of cryptocurrencies.

    X (Twitter) Telegram
    Most Popular

    The New Feudalism: The Risks of Western Civilization’s Resistance to Bitcoin Opinion

    Aug. 20, 2025293 Views

    Opinion Unlocking Crypto Wallets Without Private Keys or Seed Phrases

    Sep. 5, 202492 Views

    EU Exchanges Ditching Stablecoins Is This the End for Stablecoins

    Jun. 21, 202415 Views
    © 2025 ETHDaily All rights reserved.
    • Home
    • Markets
    • News
    • Opinion
    • Featured Articles

    Type above and press Enter to search. Press Esc to cancel.