$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

[SuperBazooka]

$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American expansion drive.

The facility is part of a projected $500 million investment into the area, and it is expected to bring in up to 400 new jobs, which will make up a key part of what locals hope is a rebirth in an area devastated by de-industrialization and job losses.

Re-Industrialization in America’s Rust Belt
According to a statement from Bitmain, the facility, which will commence operations in early 2019 and become fully operational within two years, represents an investment of more than $500 million over an initial period of seven years into the local, county, and statewide economies.

Opened inside an abandoned Alcoa aluminium smelter plant, the facility is expected to breathe new life into the surrounding local economy, bringing in more than 400 jobs in the first two years and stemming the loss of skills, young people and money. The multiplier effect of increased disposable income on small businesses and property values in the area is also expected to be substantial.

Even more interestingly, Bitmain has also promised to partner with schools and educational institutions in Milam County to equip local students and residents with the technical and professional skills needed for careers at the data facility. To underline its seriousness about its investment plans, the company has already announced recruitment for several positions at the Rockdale data center including engineers, technicians, senior management, sales associates, finance associates and research associates. https://www.ccn.com/500-million-bitmain-data-center-to-bring-400-jobs-to-small-texas-town/

[nazaididuan1]

Bitmain has completed a $1 billion financing and is now valued at $15 billion! Bitmain is one of the most valuable blockchain companies in the world.
Bitmain is expected to be available this year with a market capitalization of $30 billion!

[oriontab]

Bitmain was tge first to invest heavily in cryptocurrency equiptment and this certainly paid off to make them the leading bitcoin company. Such job create will have a positive reflection on bitcoin in a highly skeptic society

[drm]

Damn, time flies by, they are now worth 15 billion, I wonder what another 10 years will do to them

[Kemarit]

Bitmain has completed a $1 billion financing and is now valued at $15 billion! Bitmain is one of the most valuable blockchain companies in the world.
Bitmain is expected to be available this year with a market capitalization of $30 billion!

Weird. I never thought that Bitmain is a blockchain company. We all know that they produced bitcoin mining gear and designer of ASIC chips. Anyways, if it can bring jobs to the resident then I'm OK with that. I haven't heard any backlash yet, specially the power that they needed to generated for their mining operations. And how about taxes though? Are there any arrangement? Like tax reduction? It is means that they will continue to on their bitcoin's mining monopoly.

[audaciousbeing]

$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American expansion drive.

The facility is part of a projected $500 million investment into the area, and it is expected to bring in up to 400 new jobs, which will make up a key part of what locals hope is a rebirth in an area devastated by de-industrialization and job losses.

Re-Industrialization in America’s Rust Belt
According to a statement from Bitmain, the facility, which will commence operations in early 2019 and become fully operational within two years, represents an investment of more than $500 million over an initial period of seven years into the local, county, and statewide economies.

Opened inside an abandoned Alcoa aluminium smelter plant, the facility is expected to breathe new life into the surrounding local economy, bringing in more than 400 jobs in the first two years and stemming the loss of skills, young people and money. The multiplier effect of increased disposable income on small businesses and property values in the area is also expected to be substantial.

Even more interestingly, Bitmain has also promised to partner with schools and educational institutions in Milam County to equip local students and residents with the technical and professional skills needed for careers at the data facility. To underline its seriousness about its investment plans, the company has already announced recruitment for several positions at the Rockdale data center including engineers, technicians, senior management, sales associates, finance associates and research associates. https://www.ccn.com/500-million-bitmain-data-center-to-bring-400-jobs-to-small-texas-town/

Now this is one of the real news that I want to be hearing concerning blockchain related companies making direct impact on the economy backed by real figures and verifiable evidences. While 400 new people added might not make any impact on the average employment indices of the country, its sure going to make significant impact in the city of Rockdale in Milam County, Texas as I see more shops opening up, accommodation getting a boost as not everyone employed there would be locals, night live getting a boost over there and the increase that would happen to government coffers in terms of various taxes that would be generated as a result of direct and indirect impact of this huge investment.

These are news that should be celebrated and announce blockchain industries are making direct impact and not everything is about price, ETF approval or disapproval, KYCs issues, gambling legalisation or not, evading of tax with crypto and a host of issues that have eroded the real impact that blockchain could bring to the community.