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Author Topic: [2018-01-19] Company Gets $500K to Open Mining Hub in Virginia Beach  (Read 26 times)
Rick Nolan
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January 19, 2018, 07:54:03 AM

The Virginia Beach Development Authority announced on Thursday that it granted $500,000 to Bcause LLC, a company that provides a digital mining facilities along with spot market, to create a data center.

Bcause LLC will be also eligible to take advantage of the City’s recently reduced business property tax rate for computers and peripherals used in data centers, which is now $0.40 per $100 of 40% of assessed value, the government stated.


What is your opinion about the government grant?
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