Bitcoin mining company Bitzero Blockchain will acquire and redevelop the historic Stanley R. Mickelsen Safeguard Complex at Nekoma, N.D., commonly known as “The Pyramid.”
Bitzero plans to develop the abandoned Cold War–era military installation into a highly secure data center for high-performance computing and data processing. Waste heat captured from the data center’s servers will be used to heat an on-site greenhouse, and the company also is planning an interpretive center and additional community engagement at the site, representing a total expected investment estimated by Bitzero at $500 million.
“The announcement from Bitzero to purchase ‘The Pyramid’ is a great leap forward for North Dakota,” said Josh Teigen, director of Commerce’s Economic Development and Finance Division. “North Dakota leads the world in a variety of verticals whether it is our robust tech sector, autonomous farming or unmanned aircraft systems, and expanding highly secure