The new mine aims to boost Bitmain’s international expansion that will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW.
Bitmain to Develop Mining Farm in Texas
On Oct. 21, Bitmain revealed the introduction of a new mining facility located in Texas. According to the company, the launch will start with 50MW but soon aims to be the “largest bitcoin mining facility in the world.”
Clinton Brown, Rockdale’s lead project manager for Bitmain told the press that the firm is thrilled to launch the new data center and that the move is a milestone toward “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,” Brown insisted during the announcement.
Executives from the Bitmain started the project in 2018 and worked out the logistics with Rockdale officials in order to benefit from the old plant. “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,” said Sheldon Bennett, COO of DMG.
Bitmain To launch World Digital Mining Map
Bitmain will be obtaining power from the Electric Reliability Council of Texas (ERCOT) that handles the electric grid operations in the region.
DMG and Bitmain will both work in making sure the facility is efficient as they plan to work with the local workforce commission, the Rockdale MDD. Bitmain detailed that the Rockdale MDD will help bolster the project.
Bitmain, a Chinese mining hardware company to launch the World Digital Mining Map, a platform to connect global crypto miners with farm owners. The platform will be the first global network to connect miners with mining farm owners. The power resources will be provided to the miners and farm owners for a fee transaction.