Chinese crypto hardware firm Bitmain has launched what it terms as the “world’s largest” facility for Bitcoin mining in Rockdale, Texas.
In a press release on October 21, the company revealed the project had been completed along with the Rockdale Municipal Development District and Canadian tech firm DMG Blockchain Solutions.
The establishment places a strong emphasis on working with the local community of Rockdale, which is situated in Milam County, eastern region of Austin.
The facility, which is currently developed to a 25 megawatt capacity with a 50 megawatt facility still under construction, sits on a 33,000-acre site and can expand to a capacity of over 300 megawatts in the future. The location is reportedly owned by Alcoa (Aluminium Company of America), and previously served as the site for a smelter.
DMG, which will offer hosting and management services for the Texas facility, will work with Bitmain to broaden the facility’s capacity and ensure the efficiency of the site’s mining works.
Both companies will cooperate closely to create the site’s on-ground team together with the local workforce commission Rockdale MDD.
Bitmain says it is committed to looking for local Rockdale suppliers to support the ongoing construction project and will also purchase energy directly from the local electric grid operator, the Electric Reliability Council of Texas.
Apart from supporting the native economy, Bitmain additionally plans to unveil educational programs and training on blockchain technology as well as mining data center operations, together with the Rockdale school district.
Bitmain’s plans for its Texas facility was initially announced in August 2018. At that time, the company said it expected to create 400 jobs for the locals in the first two years of operation, quoting $500 million as its total planned investment into the economy over an initial seven-year period.
In January 2019, local reports alleged that the project was being cut down, with reports of suspended operations and staff layoffs. Severe market conditions were thought to be the reason for the alleged cooling-off.
Clinton Brown, the Lead Project Manaher for Bitmain at Rockdale, has now said the facility’s launch is “significant to Bitmain’s global expansion plans”, adding that the state is stable and efficient energy resources will be pivotal in supporting what he believes is set to be the inexorable scale of growth of the mining sector.