[2017-06-10] The State of Montana funds company working on a ‘bitcoin processing

[Eric Cartman]

The State of Montana funds company working on a ‘bitcoin processing center.’


In the first-ever reported case of a US State funding what looks to be a Bitcoin mining operation, Montana’s Governor recently announced that $416,000 was awarded to a “data center that provides blockchain security services for the bitcoin network.”

Governor Steve Bullock recently announced $1,124,030 in economic development grants to assist Main Street businesses across Montana with creating 116 jobs, providing workforce training and developing plans for growth and expansion.

The funds are being awarded through the Big Sky Economic Development Trust Fund (BSTF) and the Primary Sector Workforce Training Grant (WTG) programs at the Department of Commerce, Office of Tourism and Business Development.


https://bravenewcoin.com/news/the-state-of-montana-funds-company-working-on-a-bitcoin-processing-center/

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[bitdominion]

Impressive. Someone's flying under the radar in style.

The State of Montana funds company working on a ‘bitcoin processing center.’


In the first-ever reported case of a US State funding what looks to be a Bitcoin mining operation, Montana’s Governor recently announced that $416,000 was awarded to a “data center that provides blockchain security services for the bitcoin network.”

Governor Steve Bullock recently announced $1,124,030 in economic development grants to assist Main Street businesses across Montana with creating 116 jobs, providing workforce training and developing plans for growth and expansion.

The funds are being awarded through the Big Sky Economic Development Trust Fund (BSTF) and the Primary Sector Workforce Training Grant (WTG) programs at the Department of Commerce, Office of Tourism and Business Development.


https://bravenewcoin.com/news/the-state-of-montana-funds-company-working-on-a-bitcoin-processing-center/

[InvoKing]

The State of Montana funded a company that uses/mine bitcoin but especially that is programming to create new jobs. And, apparently this is a sort of reward / encouragement.

[bitdominion]

This is good news for both the adoption and procurement side as long as it's transparent. Could lead to future mechanisms and frameworks being built down the road.