Bitmain Technologies Ltd. is launching a crypto mining facility and blockchain data center in the U.S. state of Texas at a former aluminum smelting facility with a recently-retired coal power station. The company is reportedly getting a tax abatement phased in over 10 years.
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Crypto Mining Facility in Texas
Bitmain Technologies Ltd. announced Monday the launch of its newest blockchain data center and mining facility in a rural part of the U.S. state of Texas. According to the company’s announcement:
The Milam County blockchain data center and cryptocurrency mining facility represents a key component of Bitmain’s strategic investment and expansion plans within North America.
The facility will be located in the city of Rockdale, roughly 50 miles northeast of Texas’ capital, with an estimated population of 5,595. It will occupy a section of the former Alcoa Rockdale operations site which includes an aluminum smelting facility and a recently-retired coal-burning power plant. Alcoa Inc. is the world’s sixth largest producer of aluminium.
Milam County Judge Dave Barkemeyer confirmed to local newspaper Temple Daily Telegram last week that Bitmain is moving to the county. With the construction and facility setup underway, the facility is expected to be completed “early in the fourth quarter of 2018, with the data center initiation in early 2019,” according to the mining giant.
“Bitmain is working with Alcoa Inc. to repurpose the former aluminum smelter to become the home of Bitmain Technologies Ltd. site,” the publication elaborated, adding:
An incentive plan that includes a tax abatement phased in over 10 years was approved by the Milam County Industrial Development Corp. and the Milam County Commissioners Court.
Founded in 2013 and headquartered in Beijing, the global
