Data colocation service ROOT says that it is Canada’s first data colocation center to accept Bitcoin.
Its facility located in Montreal, the company says that it is able to charge 30% less for its services than competitors due to its “Kryptocooling system”, passing on savings to the customer. Also contributing to cost reductions are cheap hydroelectric power and real estate, as well as a stated energy efficient design of the facility.
ROOT says that it can cool more than 30 kW per rack, with the 5 MW center providing enough capacity for 500 racks.
TekSavvy, a low-cost Canadian internet access provider, has reportedly come on board both as a tenant as an investor.
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They join at least two other data colocation companies in the US also accepting Bitcoin, C7 Data Centers and Server Farm Realty. In deciding to accept Bitcoin, ROOT CEO Jason van Gaal said:
“Accepting Bitcoin is definitely a way that we can demonstrate our support to Bitcoin clients from Montreal and around the world. We feel strongly that Bitcoin will play an important role in how we conduct local and international trade today, but also in the foreseeable future.”
ROOT is also targeting Bitcoin miners not willing to pay typical colocation rates and don’t need 100% uptime. For them, high power densities are more important.
Energy consumption constitutes a major operating expense for miners and frequently renders their operations unprofitable. As part of its launch of hosted mining services, KnCMiner says that it operates out of a mining facility in the polar region, naturally cooling its Clear Sky mining farms.