Bitmain Puts Its Mega Mining Facility Project in Texas on Ice

Bitmain Technologies is shelving its plans to create a mega Bitcoin mining facility in Rockdale, Texas. The news comes as the Bitcoin mining behemoth continues to downsize both the scale of its operations as well as its staff numbers. $500 Million Bitcoin Mining Project on Hold According to Bitmain his suspending its plans to build a $500 million crypto mining and data center in Rockdale. Commenting on the news, Steve Young, the Milam County Judge, said: I’m really disappointed because we had advertised this. We had waited for this and had wanted this. We had welcomed this. This was huge. We need some positive news here and some jobs here. We need a tax base here, and this was a step in the right direction. Back in mid-2018, the company announced plans to build one of the largest Bitcoin mining centers in North America. At the time, Bitmain said the…

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