Bitmain, the leading crypto mining hardware manufacturer, on Monday, announced the launch of a 50MW cryptocurrency mining farm in the US state of Texas.
The farm has been established in the city of Rockdale, and the Chinese company joined hands with Rockdale Municipal Development District (MDD) and DMG for streamlining its operations at the new venue.
“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,” Clinton Brown, Rockdale lead project manager for Bitmain, said.
Bitmain established the new mining facility intending to make it the largest digital asset mining facility on the globe.
Beating the heat of Texas
Initially, the facility will have a capacity of 25MW, spanning 33,000 acres of land owned by the Aluminum Company of America (Alcoa).
What Crypto Needs to Learn From Traditional Finance RegulatorsGo to article >>
Though the construction of the first phase is complete, Bitmain will continue to expand the facility to touch 50MW of capacity. In addition, the site has been designed to expand the mining operation up to 300MW.
To ensure efficient operations of the mining facility, alongside the expansion, DMG will be responsible for providing hosting and management services for the Texas facility. In addition, the Chinese giant will also work with local authorities to grow its on-ground team.
Bitmain also assured that it would procure materials for construction from the local suppliers in the area to contribute to the economy of the region.
“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,” Sheldon Bennett, COO of DMG and in-charge of Rockdale mining facility, added.
Meanwhile, another Texas-based crypto mining farm – Layer1 – recently secured $50 million from an array of investors to establish America’s leading crypto mining facility.