Global Exchange- Bitmain announced that it has launched a cryptocurrency mining farm, with the intent to construct a 50MV facility. Bitmain launches cryptocurrency mining facility in Texas.
The company claims that it is the world’s largest crypto mining facility at Rockdale, Texas. The Chinese firm said that it has completed the process along with the Rockdale Municipal Development District, and Canadian technology firm DMG Blockchain Solutions.
Clinton Brown, Rockdale Lead Project Manager for Bitmain, said in a press release:
“We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. Stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry.”
As of now, the construction has been developed to a capacity of 25MW, with a 50MW facility still under construction and can be extended to a capacity of over 300MV on a 33,000-acre site in the future- Globalxchange.
“Bitmain will be the future for developing new industrial projects in Rockdale, Texas. We are excited to continue to build partnerships together,” said John King, Rockdale Mayor.
Bitmain and DMG will work together to enhance the efficiency of Bitmain’s mining equipment and ensure productive operations.
All parties will collaborate on the project development with the local workforce commission, the Rockdale MDD, and increase their on-site staff at the Rockdale mining facility.
Bitmain intends to join the local school district to provide education on blockchain technology and data centre mining operations.
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