Bitmain Opens Doors To ‘World’s Largest’ Bitcoin Mining Facility

The major Chinese cryptocurrency hardware manufacturer Bitmain opens doors to the largest mining facility for Bitcoin (BTC) mining in Rockdale, Texas. The latest cryptocurrency news also bring a news release that was published on October 21 where Bitmain revealed that the project had been completed together with the Rockdale Municipal Development District as well as the Canadian technology firm DMG Blockchain Solutions.

The news release is now viral. What’s interesting is the fact that it places a strong emphasis on working with the local economy of Rockdale, which is located in Milam County and is east of Austin.
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Bitmain opens doors to a facility which is currently developed to a current 25MW capacity, has a 50MW facility remaining under construction. It also sits on a 33,000-acre site and can expand to a capacity of over 300MW in the future.

Owned by the Aluminum Company of America named Alcoa, the facility formerly served as the location for a smelter. DMG, which is a firm that will provide hosting and management services for the Texas facility, will cooperate as Bitmain opens doors to the facility – and expand its capacity as well as ensure the efficiency of the site and its mining operations.

The reports in the Bitcoin news updates also show that the firms will work closely to establish the facility’s on-ground team together with the local workforce commission – the Rockdale MDD.

As Bitmain opens doors to this facility, it also says that it is committed to seeking local Rockdale suppliers supporting the ongoing construction work. The giant will also purchase energy directly from Rockdale and its electric grid operator – the Electric Reliability Council of Texas.

Aside from giving a major push to the local economy, this move proves that Bitmain also plans to launch educational programs and training on blockchain technology and mining data center operations along with the Rockdale school district.

As we previously reported, the plans for Bitmain were first announced in August 2018. At the time, the mining giant said that it expected to create more than 400 local jobs in the first two years, quoting more than $500 million as its total planned investment in the economy over an initial period of seven years.

Local reports from this January alleged that the project was being downscaled. There were reports of staff layoffs and suspended operations too. The details showed that adverse market conditions were apparently the main reason for the purported cooling-off.

As Bitmain opens doors to this major mining facility, the Lead Project Manager Clinton Brown revealed that the launch is “significant to Bitmain’s global expansion plans” and that the state has stable and efficient energy resources which will be fundamental to supporting what he believes is the inevitable scale of growth of the mining industry.