Bitmain, the world’s leading manufacturer of cryptocurrency mining hardware has just launched what reportedly is the “world’s largest” Bitcoin mining facility based in Rockdale, Texas. The Plan was first announced on August 2018, when Bitmain said it expected to create 400 local jobs within the first two years. The estimated budget was said to be $500 million over a period of seven years.
Looks like Bitmain has finally fulfilled its word to Texas as the Project had been completed with the help of Rockdale Municipal Development District (MDD) and a Canadian technology firm DMG Blockchain Solutions, according to a press release on October 21.
The facility is currently holding a capacity 25MW capacity with a 50MW facility still under construction and is expected to be live soon. The site boasts a 33,000-acre area and has the capacity to support a total of 300MW in the future. The site is owned by Alcoa, the Aluminium Company of America which previously sheltered a smelter.
The Texas farm has been developed using a new design patent and is the third and biggest mining project that Bitmain has invested in. It is also being considered as one of the most strategic overseas location. John King, Mayor of Rockdale, commented on the launch:
“Bitmain will be the future for developing new industry projects in Rockdale, Texas. We are excited to continue to build partnerships together.”
DMG will be in charge of proving hosting and management services for this facility and will ensure the efficiency of the facility as well. Sheldon Bennett, COO of DMG, said:
“This mining facility marks a major milestone in the development of the mining farm industry. We are proud to partner with Bitmain, the leading innovator in this sector.”
The local workforce commission, the Rockdale MDD, will be cooperating with both the above-mentioned parties to expand the facilities’ on-ground team. The project will also be focusing on utilizing local vendors to support the on-going construction of the data centre.
The farm will be powered by the Electric Reliability Council of Texas (ERCOT), which runs the electric grid in Rockdale Texas. Bitmain is directly buying energy from here.
Besides this, Bitmain will also work with the local educational institutions to provide education and training on blockchain technology and the mining data centre operations with the aim of contributing to the future growth of the local community.
“We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry,” said Clinton Brown, Rockdale Lead Project Manager for Bitmain.