Bitmain confirms the new mining encryption facility in Texas

The mining hardware giant Bitcoin Bitmain is officially opening a store in Rockdale, Texas, and plans to start mining operations early next year.

The company confirmed Monday that it is investing $ 500 million over the next seven years in a new blockchain data center in the US state as part of its "strategic investment and expansion plans in North America". The facility will employ 400 residents, and Bitmain also intends to launch education and training programs for potential employees.

The rumors that Bitmain would open the structure emerged last month when a local newspaper reported that the company was taking over a former aluminum casting facility, according to the Dallas News. However, public officials said that at the time they could not talk about the project.

That said, the paper described the new bitcoin mining operation as "the most reserved secret in the Rockdale area".

The Chinese mining company, valued at about $ 12 billion, had already published preliminary job offers for the transfer of Indeed.com online job listings to the website.

Bitmain's operations in Rockdale are joining its planned facility in Washington. Last April, Bitmain received approval for a land lease to start mining operations in the state, although it had to face a reaction from some skeptical local residents regarding mining encryption, with statement that "creates wealth for the owner without too much drop".

In addition to the expansion of operations in the United States, it seems that Bitmain is also opening offices in Brazil, having already successfully created several international bases in which to carry out bitcoin mining operations both in Switzerland and in Israel.

Image mining data via Shutterstock


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