China-based Canaan Creative, a bitcoin mining firm commonly known by Avalon, its bitcoin mining chip brand, will open a data center powered by hydroelectric power at the ‘Node Pole’. Owned by power companies, the technology infrastructure hub is situated in the Boden region near the Arctic Circle n in Sweden. Canaan, which manufacturers ASIC microprocessors, claims to be the first Chinese bitcoin company to open a data center in Europe. The facility will operate at 10 MW at its initial stage, leaving room for expansion in the future. With the announcement today, Canaan Creative co-founder and chief executive N. G. Zhang stated: Want Bitcoin' Sign In to your PayPal and claim Yours Canaan Creative are expanding to Europe to continue developing blockchain technology for nw markets and applications. We came to the conclusion that Boden is the best location for us to drive blockchain technology to the next level. Situated in the very north of Sweden by the Arc...
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