According to a recent announcement by the world’s foremost bitcoin miner and mining equipment producers, Bitmain, the conglomerate has declared its intentions to construct a $500 million blockchain data center and crypto mining facility in the Rockdale, Texas. It was also revealed that the construction of this establishment would be a fragment of the North American Expansion project.
The 400 jobs set to be created by Bitmain will be consequent upon the $500 million facilities in the said location. This will consequently come as a ray of hope and rejuvenation in environments characterized by de-industrialization and job insecurity.
The Rebirth of Industrialization in America’s Economically Devastated Areas
The data center is projected to be in full operation in the next two years after it must have been launched in 2019 with an investment ranging to over $500 million in seven years into the economically-devastated communities of America. This was expressly stated in the statement released by Bitmain spokesman.
The facility is designed to case a drastic change into the economic system as the data center is strategized in an abandoned Alcoa aluminum space which has been a “dead” place. The data center will have a “resurrection effect” to such environs with the opportunity of over 400 jobs in the first year of operation, providing more skills and source of livelihood to young minds.
Also, Bitmain intends to embark on some partnership agreement with learning centers such as schools and other educational institutions within Milam County in order to furnish students with adequate skills and technical know-how required for experts at the data center.
To further bolster the authenticity of their public release, the conglomerate announced recruitment to interested persons already for various positions in the data center located at Rockdale, Milam County, Texas. These positions include research associate, financial associate, sales associates, senior management, technicians, and engineers.
Bitmain’s statement shows that the Data Centre is a pivotal part of its strategic investment and expansion agenda with North America to rejuvenate economic rust.
The firm was established in 2013 with their headquarters in Beijing, China and offices, product and research centers globally, including Tel Aviv, Amsterdam, Hong Kong, Silicon Valley, Singapore, and Zug, has grown into a foremost and reputable producers of Bitcoin mining facilities with an overriding and overwhelming 70 percent of the market which implies a quasi-monopoly strength.
It is crystal clear that the expansion project is a pivotal part of the company’s mission to go public in the future. Jeff Stearns, the executive vice president and director of operations for Bitmain’s North America division, stated that:
“Bitmain is truly honored to announce this news and is excited to work with local partners, government and stakeholders in realizing this vision, throughout the initial set-up phase, operations and beyond.”
Perhaps about 137 spin-off jobs could still be added to the over 400 new jobs earlier stated. Richard E. Williams Jr., president of the Milam County Industrial Development Corp, referred to this as that which will “make a major dent in Milam County’s relatively high unemployment rate.”