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

Bitcoin mining hosting provider Revolve Labs plans to build an AI data center in central Minnesota after withdrawing a mining expansion proposal due to community opposition. Revolve Labs met with the Glencoe Economic Development Authority in September and planned to expand its facilities in the city to accommodate one or two AI data centers, as well as cooling systems and backup generators. The project is expected to have a capacity of 10 MW, employ about 10 employees, and cost an estimated $40 million to $60 million. As part of 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 MW and a hash rate of 537 PH/s. As reported last month, the company had attempted to increase its mining capacity in Winton, Minnesota, but withdrew its application after community opposition due to noise issues. (TheMinerMag)