Mining-Company Bitmain Invested 500 Million Dollars for Establishment of Enterprise in the USA


Bitmain, which specializes in Bitcoin mining, intends to build a $ 500 million mining enterprise. As reported in the official press release, published August 6, the decision was made as part of the expansion of the company on the US market.

According to the information provided, Bitmain, which is currently estimated at $ 12 billion, also intends to launch foreign Initial Public Offering (IPO), focusing on the US.

Representatives of the company said that the new plant will be built on the territory of the former Alcoa plant in Rockdale, Texas. Presumably, the construction of the facility will be completed by the end of this year, and the launch will take place in early 2019.

It is worth noting that the company published a number of vacancies for the new company in Rockdale on the site last month. By publishing a press release, Bitmain only confirmed that the new venture will be located in Texas.

As reported in the press release, Bitmain intends to create about 400 jobs for the local population for several years. Investments in the economy have reached 500 million dollars in just seven years.

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