Bitmain is Set to Create a Cryptocurrency Mining Center in Texas

3 min read

Chinese mining hardware provider Bitmain Technologies Ltd. is set to establish a mining cryptocurrency as well as a blockchain center in Texas after buying an old aluminum factory. 

Bitmain is excited to announce that it is ready to design its blockchain data center in Texas. According to the announcement:

“The Milam County blockchain data center and cryptocurrency mining facility represent a key component of Bitmain’s strategic investment and expansion plans within North America.”

The blockchain center to be based in Rockdale

The center will be based in Rockdale, just 50 miles away from Texas’ capital and planted in place of Alcoa Corporation- a former aluminum smelting facility.

The news is official as Milam County Judge Dave Barkemeyer also confirmed to local magazine Temple Daily Telegram last days that Bitmain is rooting in the city. The data center is scheduled to begin its operations in the “early in the fourth quarter of 2018, with the data center initiation in early 2019”, as reported by the mining equipment provider.

“Bitmain is working with Alcoa Inc. to repurpose the former aluminum smelter to become the home of Bitmain Technologies Ltd. site,” the newspaper wrote, adding that:

“An incentive plan that includes a tax abatement phased in over 10 years was approved by the Milam County Industrial Development Corp. and the Milam County Commissioners Court.”

$ 500 million will be invested by Bitmain

The costs of installing the upcoming blockchain data center and mining farm amount to $ 500 million, that is to be invested by Bitmain in the next seven years.

Through the project, the Chinese company is also expecting to create 400 new jobs and stimulate Rockdale’s workforce. Several positions have already been published on Indeed.com, such as project manager, sales and finance associates, PR specialist, and others.

The Milam County Industrial Development Corporation President, Richard E. Williams Jr., told to local TV station Kxxv:

“The 400 new jobs in addition to an estimated 137 spin-off jobs could make a major dent in Milam County’s relatively high unemployment rate, while salaries and benefits are above average for Central Texas.”

Author: Adriana Midrigan

Elite CurrenSea

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