HGLC to turn North Dakota Energy HQ Into Blockchain Data Center
by Justin Hughes
GRAND FORKS, ND — Delaware-based HGLC New Age Enterprise has acquired a portion of the former Minnkota Power Cooperative headquarters in Grand Forks, north Dakota and will transform it into a blockchain data center. Grand Forks utility Nodak Electric Cooperative will provider power to the facility, located at 1822 Mill Road.
The portion of the 508,000 square foot facility to be acquired is currently used as a cold-storage shed. Naturally, the data center will take advantage of the cool air afforded by the North Dakota climate. This is not the first nor is it likely to be the last crypto-project in the Great Plains and Mountain West — many are jumping on the bandwagon for the same reasons as HGLC, but neighboring Montana has made the most headlines (see Crypto Watt to Mine in Montana with Two New Data Centers). Neighboring Iowa and Nebraska have already made headlines for the hyperscale data center campuses.
Minnkota Power Cooperative is a not-for-profit electric generation and transmission cooperative headquartered in Grand Forks, N.D. Formed in 1940, Minnkota provides wholesale electric energy to 11 member-owner distribution cooperatives located in eastern North Dakota and northwestern Minnesota. These members serve nearly 135,000 consumer accounts in a 34,500 square-mile area, including many of the region’s homes, farms, schools and businesses.
Though they plan to commence operations before 2019, HGLC maintains a low profile, with little to no information available about the firm.
“As Minnkota has fully transitioned to its new location in south Grand Forks, our focus has been on the sale of our previous facilities,” Mac McLennan, President and Chief Executive Officer for Minnkota said in a press release. “Selling a portion of the property to HGLC represents significant value to our member cooperatives in eastern North Dakota and northwestern Minnesota. As a consistent consumer of electricity, HGLC will help us better utilize Minnkota’s energy resource portfolio.”
“Nodak is pleased to have HGLC as a new member and looks forward to a continued positive relationship,” added President and Chief Executive Officer of Nodak Mylo Einarson said in the same statement.