Bitmain, a Chinese-based bitcoin mining hub, has recently opened up the world’s largest bitcoin mining facility in Rockdale, Texas.
Specifically, Bitmain revealed details of the completed project in an Oct. 21 news release. According to the firm, DMG Blockchain Solutions (a Canadian technology firm), together with Rockdale Municipal Development District, helped in the completion of the project.
Boosting local economy
Located in Milam County, east of Austin, the project is aimed at boosting Rockdale’s local economy.
The 25MW facility is the initial phase of the project that will be mounted on a 33,000-acre land. Bitmain hopes to continue to expand its capacity to 50MW then later to over 300MW in that same piece of land.
Before the project came by, a smelter was previously in this site — which Alcoa (the Aluminum Company of America) reportedly owns.
For mining operations to be efficiently carried out, DMG — a company that already provides Texas facility’s hosting and management services — will aid Bitmain to expand the capacity of its facility.
In conjunction with the Rockdale MDD (the local workforce commission,) the firms are confident that they will establish the facility’s on-ground team.
Bitmain has also stated that it would buy energy directly from Electric Reliability Council of Texas — Rockdale’s electric grid operator — and also obtain supplies for the ongoing construction work from the local Rockdale suppliers.
Besides local economy support, Bitmain is working closely with the Rockdale school district to unveil training and educational programs that focus on mining data center operations and blockchain technology.
Global expansion plans
In Aug. 2018, on the first announcement of the Texas site, Bitmain stated that it had a total planned investment worth $500 million into the economy for the first seven years — as a result creating 400 local jobs in the initial two years of its existence.
Due to Adverse market conditions — presumably caused by the cooling-off phenomenon — there were rumors that staff would be laid off and operations suspended as a result of the downscaling, according to the local reports in January.
Today, Bitmain’s Rockdale Lead Project Manager Clinton Brown alluded that the facility’s launch is “significant to Bitmain’s global expansion plans.”