🏴󠁵󠁳󠁴󠁸󠁿 Bitmain scales back Texas Bitcoin mine

Bitmain has suspended mining at its Rockdale, Texas facitility east of Austin. Converting a former aluminum smelter, Bitmain’s arrival was a God send for the small town which boasts low energy costs and excellent industrial infrastructure. Bitmain announced its move to Rockdale when the Bitcoin price stood at $8,000 per coin, but has closed multiple mining facilities due to the price collapse. All but three employees have been laid off for the time being.

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.