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Updated: May 25, 2022 @ 2:57 pm
FAIRMONT, W.Va. — Blockware Solutions (BWS), an industry leader in blockchain infrastructure and Bitcoin mining, is pleased to announce a new partnership with SEVA. Blockware Solutions has initiated a large-scale 150-megawatt development to expand its Bitcoin mining operations in SunPark, an extension of Rock Creek Development as referenced by previous and current administrations in Boone and Lincoln counties.
Blockware Solutions will invest $10 million in the first phase of construction, as part of a multi-year, multi-phase project. The first phase will be a 60-megawatt facility on a 20-acre site, which will feature immersion-cooled mining and hosting operations. The project is expected to commence by the fourth quarter of 2022. The facility will create dozens of high-paying jobs, with estimated average wages for Blockware Solutions technicians starting at $23/hour.
Bitcoin mining is defined by bankrate.com as: “the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.”
“Today’s announcement is a testimony to working collaboratively with the state of West Virginia to diversify the economy of southern West Virginia,” said Devanna Corley, president of SEVA WV. She added that “the courtship with Blockware and Cyber Innovation began in early April. The Seva team has worked hard to gain the trust of both constituents, and I believe this announcement will be a catalyst to drawing additional tenants.
“The SunPark project is taking shape, and there is a tremendous amount of interest from a variety of markets, and there most definitely is a new light shining in Boone and Lincoln counties.”
SEVA WV announced its plans earlier this year to develop SunPark, a 3,000-acre solar park that includes industrial and commercial development, an educational experience, tourism, and hospitality venues. SunPark will create new high-paying jobs and improve the quality of life for all West Virginians, working together to make this project an epicenter for economic empowerment.
“Off the heels of our 20-megawatt data center in Belfry, KY, we are excited to announce our next mining location in SunPark. We are thrilled to bring a new form of mining to the people of West Virginia, boost job growth, and add to the development of the region,” said Warren Rogers, chief financial officer of Blockware Solutions. “The plans outlined by SEVA and the support of the state of West Virginia in those efforts made our selection of SunPark easy. With a focus on solar energy, we intend to harness sustainable power for our project and provide energy efficient mining for our customers, a positive next step for the industry.”
“Bitcoin mining is another form of mining for Southern West Virginia. Blockware Solution’s investment will lead to job creation and will go a long way to contribute to West Virginia’s economy,” said Zach Staton, president of Cyber Innovation Group, a subsidiary of Blockware Solutions.
“Any time that we’re able to announce a new development project in West Virginia, it’s a good day for our people,” said West Virginia Gov. Jim Justice. “Since I walked in the door as governor, my administration and I have worked nonstop to make West Virginia the best place in the nation to locate a business. Our state is truly on a roll.”
Those efforts have spurred the interest that has led to SunPark’s development.
“We are not surprised by the level of interest in SunPark. Our vision is taking shape, and there are eager partners seeking to build operations and employ our workforce in Southern West Virginia. We are grateful for Blockware Solutions and their team for selecting our site,” said Devanna Corley, president of SEVA.
Kris Mitchell, executive director of the Boone County Community Development Authority, said “this announcement is a key example of the positive impact that SunPark will have on our region. I would like to welcome Blockware Solutions and thank them for their commitment to supporting local communities. I know Mrs. Corley and the SEVA team are working hard to bring business to the region.”
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