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

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…

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https://ift.tt/2ANQdIX David Canellis August 07, 2018 at 09:00AM