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Bitmain launches Bitcoin mining farm operating at 50MW

Bitmain launches Bitcoin mining farm operating at 50MW

Bitmain, a leader in the computer chip industry, has fulfilled a long-standing plan to put Texas on the global Bitcoin mining farm scene. The company has officially launched its facility in Rockdale, Texas, in partnership with the Rockdale Municipal Development District (MDD).

According to the official press release, the launch of the Rockdale facility is part of Bitmain’s efforts to grow and bring more mining opportunities to the United States. 

Bitcoin mining farm

With the rise in popularity, cryptocurrencies are experiencing over the past several years, companies like Bitmain are looking to make a profit.

The new Bitcoin mining farm will operate at 50 mega-watts for the moment. However, Bitmain claims that the facility has the potential to operate with much more substantial powers of up to 300MW.

The project was successfully completed thanks to the support of the Rockdale administrative district, and the Electric Reliability Council of Texas (ERCOT). ERCOT is the direct energy supplier for Bitmain’s new Bitcoin mining farm.

According to the press release, Bitmain has been looking to make the US one of the world leaders when it comes to cryptocurrency mining. This new Bitcoin mining farm is the first step towards making the country a powerhouse for cryptocurrency mining.

Bitmain

Bitmain is one of the industry leaders in the mining sphere, especially in the United States. Recently, the company announced a new platform, which aims to make a direct connection between mining farms, and miners with the proper hardware.

The company also operates some of the largest mining pools globally – BTC.com and Antpool.com.

With the launch of the new Bitcoin mining farm in Rockdale, Bitmain further solidifies its position as a leading player in the cryptocurrency mining sphere.

Tina Yordanova

Tina Yordanova

Back from her stint with European Central Bank, Morgan Stanley, Barclays, Societe Generale, Hilton Hotels, and Aviva International, Tina rejoins Cryptopolitan with a deeper insight regarding the financial world, blockchain enterprises and institutions and practices involved in it. She is eager to share her rounded perspective honed from the biggest media analysis companies on the Balkans.

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