November 22, 2024
Crypto mining firm to move Glencoe, MN, site, become AI data center
 #CriptoNews

Crypto mining firm to move Glencoe, MN, site, become AI data center #CriptoNews

Cash News

If Revolve Labs, formerly known as Bit49, can start bringing in revenue at the new AI data center, the company should be able to move or decommission the machines at the existing site, St. Onge said.

“The ideal would be to phase out our current site and move everything over to the new site,” St. Onge said at the public hearing.

Several Glencoe residents at Tuesday’s public hearing, which addressed whether to rezone the property Revolve Labs intends to buy, appeared skeptical about the company’s proposal. “Revolve Labs has not proven themselves to be good neighbors,” Gould said to St. Onge at the hearing.

Eddie Gould, 80, confronts a representative from Revolve Labs, a Colorado-based company that runs a crypto-mining facility near his home, at a public hearing Tuesday in Glencoe, Minn. (Jp Lawrence)

But many at the public hearing seemed to welcome the possibility that the company might remove the noisy machines at its current site, which is near the town’s 646,000 square-foot Seneca Foods plant, a Dairy Queen and the corner of a residential neighborhood.

Crypto mining uses huge amounts of computing power, which need to be cooled by banks of fans. Over the past few years, the noise of these fans has led to complaints from residents living near crypto mining facilities across America.

In southwestern Minnesota, similar concerns about noise led to dozens of residents in Windom voicing their opposition in August to a conditional use application by Revolve Labs to build a facility there. The company pulled out of the proposal a month later, citing feedback from the community.

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