Home Cryptocurrency Focus at 4: Cryptocurrency mining in Rockdale

Focus at 4: Cryptocurrency mining in Rockdale

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MILAM COUNTY, Tex. (KBTX) – Rockdale Municipal Growth District just lately confirmed that Bitmain Applied sciences will convey 400 full time jobs to Milam County.

The corporate will make investments greater than $5 million to construct a brand new knowledge heart in Rockdale.

Bitmain Applied sciences is working with Alcoa to re-purpose its former aluminum plant to show it into the middle.

Juan Galay, a cryptocurrency researcher at Texas A&M, joined us on First Information at 4 to speak about how cryptocurrencies like Bitcoin work, and what sort of jobs the brand new knowledge heart will want.

The Milam County Industrial Growth Company and the Milam County Commissioners Court docket accredited an financial growth incentive that features a Tax Abatement that shall be phased in over ten-years.

“A deal like Bitmain is a sport changer for Milam County. Whereas a “clear” trade, it should diversify the labor provide, considerably improve publicity to know-how, improve by half the tax base of Milam County and greater than double the tax base of Rockdale ISD, ” mentioned Richard E. Williams, President of the Milam County Municipal Growth District.

“The 400 new jobs along with an estimated 137 spin-off jobs might make a significant dent in Milam County’s comparatively excessive unemployment fee, whereas salaries and advantages are above common for Central Texas,” mentioned Williams.

“That is an thrilling time for Milam County. We’re trying ahead to welcoming our latest employer to our enterprise group,” mentioned Milam County Choose Dave Barkemeyer

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