Bitcoin mining company Revolve Labs plans to invest up to $60 million to establish an AI data center in Minnesota

ChainCatcher news, Bitcoin mining hosting provider Revolve Labs plans to establish an artificial intelligence data center in central Minnesota, having previously withdrawn a mining expansion proposal due to community opposition.

Revolve Labs held a meeting with the Glencoe Economic Development Authority in September, planning to expand its facilities in the city to accommodate one or two artificial intelligence data centers, along with cooling systems and backup generators. The project is expected to have a capacity of 10 megawatts, employ about 10 staff, and cost between $40 million and $60 million. As part of the Revolve Labs proposal, they intend to purchase two parcels of land totaling 6.2 acres and build a substation for the expansion.

Revolve Labs currently operates a Bitcoin mining facility in Glencoe with a capacity of approximately 20 megawatts and a hash rate of 537 PH/s. According to reports from last month, the company had attempted to increase its mining capacity in Winton, Minnesota, but withdrew its application after community opposition due to noise concerns.