RATE Group | Bitmain is building a massive $500M cryptocurrency mining farm in Texas
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Bitmain is building a massive $500M cryptocurrency mining farm in Texas

07 Aug Bitmain is building a massive $500M cryptocurrency mining farm in Texas

Posted at 14:59h in Cryptocurrency News by

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Bitmain, monster of cryptocurrency mining, has shown off plans for its brand new blockchain data center to be built in Texas – it’s worth $500 million and it’s already under construction.

The announcement claims that initial operations should begin by early 2019. Bitmain expects it to be at full steam in “about” two years, at which stage 400 jobs would have been injected into the economy of Rockdale, Milam County. 

“This represents an investment of more than $500 million by Bitmain over an initial period of seven years into the local, county, and statewide economies,” the release reads. “The Milam County blockchain data center and cryptocurrency mining facility represents a key component of Bitmain’s strategic investment and expansion plans within North America.”

Bitmain has solidified itself as an industry leader in blockchain hardware and software. It’s mostly known for its specialized cryptocurrency mining hardware, widely…

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