Valor Energy Buys Youngstown Bitcoin Mine for AI
The $3.6 million purchase at 1911 Logan Ave. would convert a former cryptocurrency mining site into an AI data center.
Updated on Nov. 5, 2026 in Data Centers
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Valor Energy, a Nevada-based AI data center company, announced on Oct. 19 that it will buy a computing facility at 1911 Logan Ave. in Youngstown for $3.6 million. The former bitcoin mine has more than 30,000 square feet of computing space and had been owned by Middlefield Industrial Complex since 2013.
Why it matters
The site already holds 18 megavolt-amperes of approved and energized power capacity, which may shorten the time needed to pursue AI computing capacity in Youngstown. The deal arrives as Ohio faces more than 20 ballot initiatives related to AI data centers.
The purchase price is $3.6 million for a facility with over 30,000 square feet of computing space and 18 megavolt-amperes of approved and energized power capacity. The acquisition remains subject to completion, further design, construction, equipment and permitting work, and funding availability.
The players
Valor Energy
A Nevada-based AI data center company with China-based technology ties that is converting the former Youngstown bitcoin mine into AI computing capacity.
Middlefield Industrial Complex
The owner of the 1911 Logan Ave. facility since 2013 that is selling the former bitcoin mine to Valor Energy.
The details
Valor Energy plans to convert the former bitcoin mine's 18-megawatt electrical output to AI data storage and intends to use net proceeds primarily to support the acquisition and planned conversion. The facility has been owned by Middlefield Industrial Complex since 2013.
Timeline
Oct. 19: Valor Energy announces the $3.6 million purchase of the facility at 1911 Logan Ave.
Roadmap
Ohio has more than 20 ballot initiatives related to AI data centers, showing how the state is debating these facilities at the same time developers are seeking existing industrial sites. Valor Energy's Youngstown purchase follows a pattern of companies reusing former bitcoin mining facilities with existing power to speed AI computing projects.
Youngstown residents could see property values in the neighborhood rise while property taxes there fall, though neither outcome is confirmed. The conversion's effect on local utility demand and jobs has not been detailed in the announcement.
The takeaway
Residents tracking AI infrastructure in Youngstown should watch the permitting and construction milestones that will determine whether the 18 megavolt-amperes of existing capacity is put to use. Ohio's ballot initiatives suggest local data center decisions will remain closely watched.
Further reading
For more on the trend, see Data Centers coverage on how older computing sites are being repurposed for AI.
Source note: This article includes information reported by The Jambar.
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