"Heat is a really critical resource in this region of the world," Kent Halliburton, the CEO of Sazmining, told CoinDesk in an interview. "It's minus 20 degrees Celsius for large portions of the year. ... A portion of the heat [from the machines] is actually going to be shunted off to dry fish, which is part of the economy there."
"For the locals, it's kind of like, you need to see it to believe it," Halliburton said. "This will be helpful for them to understand that it's not bleeding edge technology, but it's pretty tested and it can be deployed now."
While Halliburton did not wish to publicize the facility's exact location before it went live, he said the project aimed to showcase the possibilities offered by bitcoin mining to other Arctic residents. "There are multiple business owners in the community already considering this approach," he added.
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