Bitmain has announced to come up with its innovative and well-equipped blockchain data center and crypto mining facility at the heart of US, Texas. The announcement was made by Jeff Stearns, the executive vice president and director of operations, Bitmain.
The company chooses the city of Rockdale, Milam Country as its operating location. The Bitmain will occupy a part of former Alcoa Rockdale operation site for this. The news has been confirmed by the governing authority of the city as well. In an interview given to the local newspaper, Dave Barkemeyer, Milam Country Judge, has said that the Bitmain has made its entry in the city with this project.
The future plans
Alongside, the company has announced that it is going to invest a whopping sum of $ 500 million over the course of approaching seven years time. Bitmain has confirmed that the venture will take shape entirely by the early fourth quarter of this financial year. However, the data center work will only commence in early 2019.
The promising deal
As per the Milam County Industrial Development Corporation president, Richard E. Williams Jr., the deal is going to benefit the locals as there would be more than 400 local jobs. The jobs would be full-time in nature, and the company will hire professionals from multiple branches. Engineers and Management professional would be in high demand. The company has also projected itself to come up with technical training programs for the professionals.
This is an excellent opportunity for Milam County as at present there are only 137 off spin jobs open in the market.
Founded in 2013, Bitmain has become a global leader. Headquartered in Beijing, the company has a worldwide presence with offices in cities like Hong Kong, Qingdao, Shanghai, Amsterdam, and Chengdu. Currently, the company stands over a net worth of $12 billion. With such a strong background, the company is pretty confident to get success in this new venture as well.
