Revolve Labs, a prominent provider of Bitcoin mining hosting services, is poised to establish a groundbreaking artificial intelligence (AI) data center in central Minnesota, marking a significant pivot in its operational strategy. This strategic decision comes on the heels of earlier attempts to expand mining operations, which faced considerable community backlash.
In September, the company convened with the Glencoe Economic Development Authority, engaging in discussions about plans to broaden its facilities to include one or two AI data centers, alongside necessary infrastructure such as cooling systems and backup generators. The projected AI data center is designed to have a formidable capacity of 10 megawatts and is set to employ around 10 personnel, with an estimated investment ranging between $40 million and $60 million.
A key component of this initiative involves the acquisition of two plots of land, aggregating 6.2 acres, where a dedicated substation will be constructed to facilitate the expansion efforts. Currently, Revolve Labs operates a Bitcoin mining facility located in Glencoe, boasting a capability of approximately 20 megawatts and achieving a hash rate of 537 PH/s.
However, the firm faced hurdles in its recent endeavors to amplify its mining output in Winton, Minnesota. The application to expand facilities was retracted due to noise complaints voiced by the local community, illustrating the complexities of balancing technological advancement with local public sentiment.
As Revolve Labs navigates this multifaceted landscape, the establishment of the AI data center represents a forward-thinking response to the evolving demands of the tech and energy sectors..