$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/
