Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee



Posted November 17, 2021


Amid staunch opposition from the surrounding community, a Minnesota company on Monday withdrew a permit application that would have allowed it to build a data center primarily used to mine crypto currency in a diverse rural community just outside Greenville.

Compute North was seeking a special use permit to build 89 modular containers filled with computer hardware that would run virtually constantly, requiring 1,246 high-powered fans to prevent them from overheating. The facility, whose primary use likely would have been mining crypto currency, would have been located within 1,000 feet of some homes and about 2,000 feet from Belvoir Elementary, raising concerns about constant noise.

“This area has always been peaceful and quiet and we do not want this noise invasion from Compute North,” Jacqueline Prayer, whose family has long owned land behind Belvoir Elementary and holds reunions there, said last Friday. “And anyone that approves of this exposure, let us take it in your neighborhood. Let us take it to you.”

Late last week, there were signs reading “We say NO to Crypto!” in many front yards in the area. Many residents openly questioned whether Belvoir was selected for the facility because of its high proportion of poor and marginalized residents.

Compute North officials maintained they chose the location because of its close proximity to a Greenville Utilities substation, giving it easy access to large amounts of reliable electricity and because the property under consideration sits near U.S. 264, which company officials believed would limit the noise impact. The company also said that it planned to follow the county’s noise ordinance.


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