[2017-06-08] State of Montana Funds Bitcoin Mine to Bolster Local Jobs

[jamie.redman1]

This week Montana’s Governor Steve Bullock announced the distribution of $1,124,030 in economic development grants that will be given to local businesses within the region. What’s interesting about the job initiative is the $416,000 of stimulus funding that will go to a bitcoin mining data center in Missoula County, called “Project Spokane.”

Officials in Montana and the state’s Governor, Steve Bullock, plan to bolster local businesses with job stimulus funding. According to the governor $1.1 million will be distributed to innovative companies that reside in particular counties across the state. One of them is Project Spokane LLC, a company that says it provides blockchain security validation services for the Bitcoin network; otherwise known as mining. Project Spokane applied for a $600,000 grant but will receive $416,000 from the Big Sky Economic Development Trust Fund (BSTF).

“Project Spokane, LLC is a data center that provides blockchain security services for the bitcoin network,” explains Montana’s government website announcement.

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