Posted on 10/24/2019 5:02:04 PM PDT by 2ndDivisionVet
Rockdale, Texas, a former coal and aluminum producing town hit hard by the exit of those industries.
DMG (TSX-V: DMGI), a Canadian firm, will provide hosting and management services for the Texas facility and will work with Bitmain to expand the capacity and to ensure efficient operations of the mining hardware.
DMG’s CEO, Dan Reitzik said the selection of his company was a great testament to his team.
A communication lapse and apparent delay in the launch of the facility that coincided with a crash in cryptocurrency prices and extensive layoffs at Bitmain had caused concern among Rockdale town officials.
But the project is back on says Clinton Brown, Rockdale Lead Project Manager for Bitmain, quoted in the company press release issued October 21st:
“We are excited to launch this facility, which is significant to 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.”
According to a report in Wired published last July, Bitmain officials came to Rockland in 2017 and promised to convert a former Alcoa smelter into a cryptomining factory housing 375 000 of the company’s signature Antminer machines.
(Excerpt) Read more at crowdfundinsider.com ...
Shovel-ready jobs?
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