Cryptocurrency hardware manufacturer and operator of two of the largest cryptocurrency mining pools worldwide Bitmain announced today, alongside the Rockdale Municipal Development District (MDD) and Canadian tech firm DMG Blockchain Solutions, the launch of its 50MW mining farm in Rockdale, Texas.
The construction of the initial 25MW facility, which is located in a 33,000 acre site owned by the Aluminum Company of America (Alcoa), began in 2018 and is powered by the Electric Reliability Council of Texas (ERCOT).
DMG will provide hosting and management services for the facility, and alongside Bitmain will be working with the Rockdale MDD to hire local suppliers in order to support the construction of the data center. In addition, Bitmain is also planning to provide education and training on blockchain technology and more, by working with the local school district to help benefit the community.
Bitmain is currently constructing its 50MW facility, which has the potential to expand to more than 300MW, which would make it the largest bitcoin mining facility in the world.
Bitmain’s Rockdale Lead Project Manager Clinton Brown stated that the launch of this facility “is significant to Bitmain’s global expansion plans” and described Texas’s efficient energy resources as “fundamental” to the growth of the cryptocurrency mining field. Earlier this month, Bitmain launched the World Digital Mining Map (WDMM), a project that connects miners and mining farm owners in order to make the process more sustainable in the long term.
According to Rockdale Mayor John King “Bitmain will be the future for developing new industry projects in [the city]”. Last week Layer1 announced it had raised $50M from Peter Thiel and venture capitalists to build the company’s own bitcoin mining facility in Texas.