KEARNEY — Compute North, a firm based in Eden Prairie, Minn., has entered into an agreement to build a $7.65 million data center facility at Kearney’s Tech oNE Crossing tech center, according to a joint announcement today by The Economic Development Council of Buffalo County and the city of Kearney.
The Compute North facility will create 10 new full-time technology and security jobs.
The Kearney City Council will consider the development agreement for the project at its 5:30 p.m. meeting today at City Hall.
According to the press release, Compute North is an “industry leader in high-powered large-scale data infrastructure.”
Having the company’s facility in town, said the EDC and city, “will establish Kearney, Nebraska, as a critical location to expand their blockchain infrastructure.”
Compute North has existing operations in South Dakota and Texas and provides critical data infrastructure for clients in the blockchain, cryptocurrency, artificial intelligence, machine learning and IOT space.
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Compute North CEO Dave Perrill said, “Compute North is leading the charge in providing computing space for the next generation of computing technologies. We expect Kearney to be a location that we can continue to build relationships, source talent from the University of Nebraska at Kearney, and we have ample room at the site to grow our business for the future. Kearney and the Nebraska Public Power District’s leadership has been a critical partnership in making this project a reality for us.”
The Tech oNE Crossing Technology Park was developed as a partnership between the city of Kearney, the Economic Development Council of Buffalo County and the Nebraska Department of Economic Development to attract technology companies to greater Nebraska.
“Kearney’s tech park is ready for business, thanks to the vision and commitment by the City Council and our partners to invest in the tech park,” Kearney City Manager Michael Morgan said. “The tech park is shovel ready and we have had recent successes with the software company of Xpanxion constructing a new building for their employees, and the $11 million investment in the solar farm. Compute North is a welcome addition to our community.”
Darren Robinson, president of the Economic Development Council of Buffalo County stated, “Partnerships, community vision and a determination to succeed have provided Kearney with new and exciting technology investment and employment opportunities. Kearney is very fortunate to have the opportunity to work with the Compute North team who have a passion for this business and share our values and approach to the development.”
Robinson said he also is thankful for the EDC Board and its Chairman Brad Holbrook for the continued support and vision to recruit new projects.
The project, which originated through Nicole Sedlacek with Nebraska Public Power District’s Economic Development Department, will occupy a minimum of five acres consisting of leading edge data center technologies. A critical component of making this project a reality is the electrical service and reliability provided by the Nebraska Public Power District, according to the EDC and city press release. NPPD ranks No.1 in power reliability by U.S. News & World Report.
In addition to the investment and job creation, the project will generate tax revenue for the community and the state of Nebraska with the utilization of the electrical infrastructure.