You've successfully subscribed to Wolfcone
Great! Next, complete checkout for full access to Wolfcone
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.
Billing info update failed.

Bitmain to Start huge Blockchain Datacenter worth $500 Million

Pooja
Pooja

The so-called Mining giant in Crypto industry Bitmain has recently made an announcement about its investment in building Blockchain Datacenter in Texas. As per reports, the investments costs around $500 Million USD for over 7 years time.

This investment represents a key factor for the company as it would help expand its business in North America. Also, the chosen city for construction is Rockdale, Milam County in Texas.

Bitmain plans to complete its first phase of construction by the end of 2018 and roll out its initial operation early in the next year. Essentially this development is expected to create employment opportunity for over 400 people in coming two years. The company is also planning to partner with local schools and educational institutes in order to gear up the upcoming candidates with required technical help.

It’s well-known fact that Bitmain is famous for its crypto-mining hardware and used by popular mining pools such as Antpool and BTC.com

With this investment, Bitmain will certainly create a great hold in cryptocurrency mining market and blockchain industry in general. We also have seen an abrupt price surge for ASIC chips a few months back and developments like these add-ons to the huge profit made by the company.

As an overview of profits earned by the company comes around up to $1 billion for the first quarter of this year. It remains to be seen what’s next big move by Bitmain.

What do you think of this investment by Bitmain? Let us know your thoughts in the comment section below.

 

bitmainBlockchainCrypto Miningcryptomining

Pooja

Lead writer at Wolfcone.com and avid reader. My interests lie in everything and anything related to technology. I firmly believe cryptocurrency has the power to revolutionize world economy and blockc