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A team of​ of entrepreneurs is planning to build a £10m Bitcoin farm in the South East that it claims will be the biggest in the UK.

Bladetec, a company set up in the early 2000s that has supplied high-powered IT equipment to the Ministry of Defence and Nato, is aiming to build the 3,500-square foot facility across three locations in London, Surrey and Suffolk.

Bitcoin farms are rows of purpose-built computers set up to generate new Bitcoins, a process called “mining” in which the computers are rewarded for solving the cryptographic equations that keep the Bitcoin network running.

Bladetec plans to raise £10m from investors to build and operate the farm for up to two years, after which it will…

(Excerpt) Read more Here | 2018-03-17 19:20:00

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