Cryptocurrency
Bitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining Facility via @cointelegraph
As reported by Cointelegraph, “Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market, the company revealed in a press release August 6. “Bitmain, which is valued at around $12 billion after its early July funding round, is also reportedly looking to plan an overseas Initial Public Offering (IPO) in a market with U.S. […]
As reported by Cointelegraph, “Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market, the company revealed in a press release August 6.
“Bitmain, which is valued at around $12 billion after its early July funding round, is also reportedly looking to plan an overseas Initial Public Offering (IPO) in a market with U.S. denominated shares.
“Bitmain’s new data center will take over the former Alcoa smelter in Rockdale, Texas, with the estimation that the construction and set-up will be completed in the fourth quarter of 2018 and the center set to be ‘initiated’ in early 2019.”