In an interview with Cointelegraph, Kevin O’Leary said he wouldn’t rule out the possibility of more serious charges against Binance and its CEO, Changpeng Zhao.
‘Shark Tank’ Star Kevin O’Leary Calls Litigating Your Crypto Regulator ‘Really Stupid’
In Coinbase’s case, O’Leary said, it would be “better to sit down and work it out” with regulators, and if a “U.S. regulator doesn’t want staking or lending, so be it.”
FTX poked the bear and the bear is pissed — O’Leary on the crypto crackdown
Kevin O’Leary believes U.S. Senators are “fatigued” and “pissed” at the cryptocurrency industry for having to deal with one blowup after another.
‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so.
FTX customers are safe from being doxxed, for now
The decision comes after a Jan. 8 filing by FTX’s lawyers, who argued that public disclosure could create an undue risk of identity theft or unlawful injury to FTX creditors.
10 crypto tweets that aged like milk: 2022 edition
Sam Bankman-Fried, Do Kwon and Alex Mashinsky might look back on this year and wish they had hired a social media adviser or logged off Twitter.
Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson
Kevin O’Leary fessed up to making a massive mistake with FTX, and is working to find out where his money went amid the bankruptcy.
Kevin O’Leary defends SBF, says FTX should be audited
O’Leary said that the truth about FTX can be discovered thanks to the unique nature of blockchain technology.
US lawmaker blames ‘billionaire crypto bros’ for delayed legislation
The collapse of FTX has raised alarm bells across Washington D.C.
Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary
The millionaire investor thinks that the market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out and the industry can continue to grow.
Mr. Wonderful-Backed Green Bitcoin Mining Venture To Build $500M HQ In N. Dakota
Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that the company will build its North American headquarters in North Dakota. Why is this news? Because of the things they’ll do with the heat that the data center will produce.
Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to fuel the region’s food production throughout the year. The company will partner with MHA Nation’s greenhouse project to accomplish it. And they’ll use North Dakota’s abundant green energy resources to mine the bitcoin without even touching carbon. Mr. Wonderful is presenting us with a win-win situation right here.
In a governmental press release, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox said, “Bitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company’s zero carbon mandate. The additional heat produced from the data center facility will be used for our MHA Nation’s Greenhouse Project currently under construction.”
Excited to announce that North Dakota emerged as the logical choice for @bitzerodotcom's headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent. 1/ pic.twitter.com/GylnM1aNaO
— Gov. Doug Burgum (@DougBurgum) June 1, 2022
Out of the $500M for the North American HQ, the company already raised $100M. At one point over the next two months, Bitzero will host an IPO in Canada to get the rest. The green bitcoin mining company is originally from Namsskogan, Norway, where their data centers already work with hydroelectric power. That means, their operations run on 100% renewable energy. Using the heat for food production is a benefit on top of that.
What Does Mr. Wonderful Have To Say About The Situation?
The plan was to announce the North American headquarters before the IPO, and Bitzero delivered. In what seems like a private event with entrepreneurs, politicians, and media, the North Dakota part of the venture came to life. Local radio station KVRR provides video and quotes Mr. Wonderful saying:
“Data is the new oil. This state has plenty of energy. Now, it has an opportunity to convert some of it and diversify into what every single sovereign wants. The value of having your data on your own soil. In a stable place because it’s the records of people, it’s the banking system. It’s all of the information that every single sector of the economy needs.”
For his part, Governor Doug Burgum said in a tweet, “excited to announce that North Dakota emerged as the logical choice for Bitzero’s headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent.”
BTC price chart for 06/03/2022 on Cexio | Source: BTC/USD on TradingView.com
Other Projects in North Dakota
In the middle of April, just a couple of months ago, the government of North Dakota announced a visit by Mr. Wonderful and Bitzero CEO Akbar Shamji. The purpose of the visit was “to evaluate potential Bitcoin mining investment opportunities” in the state. Apparently, things went well.
There's so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro.
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) May 10, 2022
At the time, they announced two more things. First, “the bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.” So, this is just starting. Second, “in addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology.” So, there’s more coming.
“There’s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro,” Mr. Wonderful said recently in a tweet. Plus, in a Cointelegraph interview, Mr. Wonderful said, “Private capital must be compliant with environmental, social and governance factors. ESG was once a marketing term, but now it’s a real thing.”
Even though not everyone in the bitcoin space agrees with him, it’s commendable that Mr. Wonderful is not just talking. He’s betting on a green future for bitcoin, and apparently, he’s betting big.
Featured Image by Tim Mossholder on Unsplash | Charts by TradingView
Mr. Wonderful plans to invest in mining company stocks
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Shark Tank’s Kevin O’Leary becomes FTX spokesperson, will be paid in crypto
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Ether will always come second to Bitcoin, says Shark Tank’s Kevin O’Leary
“Bitcoin will always be the gold, Ethereum will always be the silver,” said the Shark Tank star.