The Prophet River First Nation has taken a significant step towards technological advancement by signing a letter of intent to pursue the development of a large-scale data centre in the Fort St. John area.
It was signed in collaboration with B.C.-based venture capital firm ABCT Pacific.
The facility aims to meet the growing demand for data storage driven by the rise in artificial intelligence and other technology-based needs.
Fort St. John’s cooler climate, along with its ability to utilize energy sources like the Site C Dam, makes it an ideal location for this project, according to ABCT Pacific.
“This is a very timely and important innovation to the British Columbia economy. It speaks to vision, reconciliation and economic diversity going forward” said ABCT Pacific (VCC) Co-founder and CEO, Phil Kershaw.
Chief Valerie Askoty of the Prophet River First Nation regarded the project as a “win-win” for the region, the economic development of the nation, and province as a whole.
“This is a unique and forward-looking opportunity that speaks to economic development that will benefit Prophet River First Nation its people and operations,” said Askoty.
The project’s size, scope, and cost will be determined through a feasibility process, with the Prophet River First Nation as the majority owner.