The world’s biggest bitcoin miner and mining equipment manufacturer Bitmain, had announced their construction plans for their new data centre and crypto mining building in the city of Tockdale in Milam county, Texas. It has been forthcoming for some time now Bitmain’s plan to build their data centre in Texas as their expansion plans to North America unveils.
Their plans to invest in that area of Texas is a part of a big investment worth 500 million dollars which is expected to create new jobs, as they say up 400 that will surely help the local’s in their efforts to bring themselves up from the de-industrialisation and the big job loss trend.
New hope for the old town
Judging by the information provided by the Bitmain’s statement, their new facility should start operations in early 2019 and get fully operational in the next two years. This big investment of more than 500 million dollars will be an ongoing for a period of seven years spreading all over the local areas, counties, and helping the over all economy of the state of Texas.
The facility will be opened in an old abandoned Alcoa aluminium smelter plant, which is hoped to give some fresh air into the local economy all around the plant helping locals get as much as 400 jobs in the first two years and. It is also expected by a few times increase in the disposable income for all of the small businesses and increased value of properties in the whole area.
On another note Bitmain has other plans that revealed that they want to form partnerships with schools and education institutions in Milam County in order to give to all of the students and local residents the technical and professional skills that they will need in order to acquire and develop a new career in the data facility.
In order to show how serious the company is, they have already posted some job openings online that are calling for working positions at the Rockdale data centre such as engineers, technicians, senior managers, sales associates, finance associates and research associates.
The plan continues
As the company had announced, this new data center will have very high significance for Bitmain and their strategic plans to invest and promote expansion plans all across North America.
Bitmain has been found in 2013 in China and since then the company has become a top bitcoin mining equipment builder that has vast amount of control over the mining market that is estimated to be as much as 70 percent of the market.
These news about the company’s expansion over the North American continent is an important part of their global expansion as there are European and Asian expansion plans to be revealed at the end of this year.
The executive vice president and director of operations for Bitmain’s North America division has commented on the expansion:
“Bitmain is truly honored to announce this news and is excited to work with local partners, government and stakeholders in realizing this vision, throughout the initial set-up phase, operations and beyond,”