The United States Virginia allocated $500 thousand to help establish a new bitcoin mine

The United States Virginia allocated $500 thousand to help establish a new bitcoin mine

    

The United States has received $500 thousand in Virginia, to help establish a new bitcoin mining in the area.

On Tuesday, said the Virginia Beach development authority, it will put the money donated to the BcauseLLC to help create more jobs in virginia. According to Virgrinian-Pilot report revealed that the mine is currently under construction, will be the fastest in the later this month open. At present, the coal mine has received nearly $65 million in funding.

This provision is a high-profile project, it shows a fusion between the public sector in promoting employment growth and efforts in the field of encryption currency. In addition to these funds, BcauseLLC will be eligible for tax cuts are associated with the construction of the data center of the computer and other expenses.

Virginia economic development director Warren Harris said in a statement: “Virginia again stood in the forefront of innovation and technology, we are very happy that BcauseLLC will continue to stay here. Encryption of money market is expanding rapidly, we expect the company will be at the forefront of the new financial system.”

Last June, Montana state government provided $416 thousand for there bitcoin mining activities. Just as in the case of Virginia, Montana officials provided funding through the development of new data center resources to stimulate employment.

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