One of Bitcoin’s largest miners, Bitmain Technologies Ltd., plans on starting its US operations in the first quarter of 2019.
manufacturer launched the plans in a press release, establishing a blockchain data center and a mining facility in the US state of Texas. This will serve as the fundamental point for Bitmain’s future expansion in North America.
Bitmain’s US office is located in the small city of Rockdale, set within the section of the former Alcoa Rockdale Operations site. The Milam County blockchain data center and cryptocurrency mining facility construction is already underway and is expected to finish in the third quarter of 2018 and to open early the next year.
The new facility will bring 400 jobs for the locals in the first two years of operation. Multiple positions are open for recruitment ranging from engineers, technicians, senior management, sales and finance, and research associates. Bitmain also revealed its plan to work with educational institutions starting with local schools to offer training programs that would prepare the members of the community for the careers offered in the data center. An amount of $500 million will be invested into the local country and state-wide economies over the period of seven years.
Jeff Stearns, Bitmain’s Executive Vice President and Director of Operations, shared the company’s excitement in announcing the news to the public and in working with everyone to realize the vision of the facility. This US base is Bitmain’s second international expansion in a month. This expansion is considered as one of the federal government promoting greater freedom for fintech companies.
Last month, the Hong Kong-based Bitmain had laid out its plan for Brazil operations. The company had secured their position as a multi-billion dollar international powerhouse after it had successfully opened cryptocurrency mining facilities in Switzerland and Israel.