Bitmain Investing $500M into Cryptocurrency Mining Farm in Texas

Bitmain, a world leader in blockchain hardware, software, and services, announced their plans to introduce its new blockchain data center to be built in Rockdale, Texas. The firm will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market.

The new facility will be located within a section of the former Alcoa Rockdale Operations site. Construction is underway, and Bitmain estimates it will finish early in the fourth quarter of 2018, with the data center initiation in early 2019. The company anticipates that the new facility will bring in over 400 jobs to the local community over the first two years. Bitmain also plans to partner with the local schools and educational institutions to provide professional and technical training programs that would prepare members of the community for careers with the data center.

The firm is reportedly planning to expand their territory to North America, Rockdale data center is the main component of Bitmain’s investment and expansion plans within North America.

Jeff Stearns, Executive Vice President and Director of Operations for Bitmain’s North America division said, “Bitmain is truly honored to announce this news and is excited to work with local partners, government and stakeholders in realizing this vision, throughout the initial set-up phase, operations and beyond.”