Bitcoin Giant to Open New ‘Mega’ Swedish Hub

(The Local) Swedish Bitcoin firm KnC Miner is expanding its operations by opening a new data center in northern Sweden in a move that will increase trade of the controversial digital currency.

The startup, which has racked up $75 million in turnover since June, is building its new base in Boden, a stone’s throw from Facebook’s European data center, close to the Arctic circle.

KnC Miner snapped up a former helicopter hangar used by the Swedish army for its new facility. The data center is to be used for cloud services and for hosting of specialized Bitcoin mining hardware to a global client base.