Chinese bitcoin mining hardware giant Bitmain and designer of ASIC chips finally all set to officially launch its mining operations in Rockdale, Texas, early next year.
As per the report published on August 6, 2018, it is expected to consume an investment of $500 million over the next seven years into a new blockchain data center in the U.S. state as part of its “strategic investment and expansion plans within North America.”
With the new expansion Bitmain aims to launch educational and training programs for potential employees which will further create the employment flair for potential 400 inhabitants.
According to the Dallas, a local newspaper Bitmain is seemingly in the rumors for its new development to open up the facility of aluminum smelting process but the officials have denied commenting on any new project for the time being. “The worst-kept secret in the Rockdale area.” The said newspaper interpreted the new bitcoin mining operation by the firm.
Besides expanding operations in the U.S., Bitmain is also seemingly looking to open offices in Brazil, having already successfully created several international bases both in Switzerland and Israel to carry out bitcoin mining operations.
Presently, Bitmain crossed the valuation $12 billion and started publishing preliminary job openings through various online portals.
Bitmain’s Rockdale operations link its plans with Washington state facility. This past April, Bitmain received approval for a land lease to set up mining operations in the state, though it faced a repercussion from some local residents suspicious about crypto mining, with one claiming it “creates wealth for the owner with no trickle down.”