YOUNGSTOWN, Ohio – An Akron company has purchased five parcels totaling nearly 43 acres of industrial land in Weathersfield Township for $4.2 million.
Christopher Halvorson, president of Magellan Scientific LLC, declined to comment on his company’s plans for the property it purchased at 1047 Belmont Ave. in late March. The company is in “active discussions with partners” and he would reach out “once we have further clarity and confidentiality isn’t so important,” he said in an email response to a request to comment.
The company’s website describes it as “an off-grid, decentralized digital asset technology company working within blockchain ecosystems supporting the expanding digital infrastructure and advanced computing systems within the United States.” It operates modular data centers at locations throughout North America.
A listing at the online real estate site Loopnet identifies the property as part of the former Niles power plant site and describes the property as “a renewable energy site” that offers exceptional infrastructure, including an onsite power grid, rail access and high-capacity public utilities.
The company bought the land from Payheem LLC.
Officials with the Western Reserve Port Authority and Trumbull County Planning commission didn’t have any information about the property or Magellan Scientific’s plans for it.