Bitmain will invest in Texas data and mining facility
The company has indicated that the construction of the facility is part of its expansion in the United States. The investment amounts to $ 500 million
Bitmain, the giant of cryptocurrency mining, announced that it will make an investment of $ 500 million in Texas for the construction of a mining and data facility based on blockchain technology.
With this initiative, the Bitcoin mining company seeks to consolidate its expansion in the United States, not only in the area of cryptomining but in the creation of jobs. In this sense, it seeks to create some 400 positions during the first two years of development.
Although the works will begin in 2019, Bitmain announced the name of the project through a press release. This is the Blockchain Data Center of Milam County and the cryptocurrency mining facilities. Without a doubt, these are a key aspect of their strategic investment plans.
Mining has been a highly lucrative activity for Bitmain. Its profits during the first quarter of 2018 were $ 1 billion. It was even rumored that its price on the stock market could reach $ 12 billion.
The strengths of the company in the crypto universe are the guarantee of success in this project that they hope to start next year on American soil.
M.Pino
Source: The Next Web
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