RATE Group | Bitcoin mine brings hope to small town devastated by job losses
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Bitcoin mine brings hope to small town devastated by job losses

31 Jul Bitcoin mine brings hope to small town devastated by job losses

Posted at 15:02h in Bitcoin News by

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ROCKDALE, Texas (KXAN) — There’s a lot of “used to” in Milam County these days.

The people there used to have the Alcoa aluminum smelting facility until it closed a decade ago. They used to have the power plant before Luminant closed it earlier this year. They used to have hundreds more jobs.

Now the small town of Rockdale, about an hour northeast of Austin, is hoping the days of “used to” are used up.

A Chinese company plans to open a Bitcoin mining operation in part of the old Alcoa plant just outside of town, bringing with it the prospect of 300-500 jobs, according to local media reports.

It’s not the mining Milam County is used to, but without the jobs the area lost, it’s redefining itself for a modern economy, and the mine is just the beginning.

“We’re still trying to survive here in this little town,” Henry Miller said last week. 

Like most, he’s heard about the new digital mine coming to the area. Just a mention of Bitcoin in a place like Lee’s Landing, a…

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