Bitmain Launches Key Crypto Mining Facility in Texas ?

Bitmain Technologies Ltd. is launching a crypto mining facility and blockchain data center in the U.S. state of Texas at a former aluminum smelting facility with a recently-retired coal power station. The company is reportedly getting a tax abatement phased in over 10 years.

                           Crypto Mining Facility in Texas:-

Bitmain Technologies Ltd. announced Monday the launch of its newest blockchain data center and mining facility in a rural part of the U.S. state of Texas.The facility will be located in the city of Rockdale, roughly 50 miles northeast of Texas’ capital, with an estimated population of 5,595. It will occupy a section of the former Alcoa Rockdale operations site which includes an aluminum smelting facility and a recently-retired coal-burning power plant. Alcoa Inc. is the world’s sixth largest producer of aluminium.

Milam County Judge Dave Barkemeyer confirmed to local newspaper Temple Daily Telegram last week that Bitmain is moving to the county. With the construction and facility setup underway, the facility is expected to be completed “early in the fourth quarter of 2018, with the data center initiation in early 2019,” according to the mining giant.

                 $500+ Million Investment & 400+ Jobs:-

The facility “represents an investment of more than US $500 million by Bitmain over an initial period of seven years into the local, county, and statewide economies,” according to the company’s announcement.

Bitmain Launches Key Crypto Mining Facility in TexasBitmain expects to bring in 400 local jobs to the Rockdale economy over the first two years. The company is currently recruiting for multiple positions, ranging from senior management, sales and finance to research associates, engineers, technicians and other roles.

“The new jobs will be full-time, fully benefitted and will include positions in engineering and management, as well as opportunities for data center technicians,” the Telegram added.

Citing that the deal is a “game changer,” the Milam County Industrial Development Corporation president, Richard E. Williams Jr., was quoted by local TV station Kxxv saying: