Bitmain Technologies will soon start a bitcoin mining operations in Rockdale, Texas. The Chinese-based company purchased a portion of an Alcoa aluminum smelting facility that closed a decade ago to work.
The small town in Milam County, which sits about an hour northeast of Austin, appear eager for the new wave of technical jobs which are poised to come. The mining operation has been reported as bringing up to 300-500 jobs to Rockdale.
“These are technical jobs, these are well-paid jobs…We have the ability for any industry to come in that’s looking for land and looking for a place to plant themselves,” said Rebecca Johnson-Vasquez, chair of the Rockdale Chamber of Commerce.
The Austin Business Journal reports that several other high-tech companies will follow Bitmain and move into the once closed Alcoa plant. The town hopes the modernized economy will help to both keep and grow the younger population.
“I hate to see young people that want to stay here and can’t because they have to move other places to go to work…I mean, you got to make a living,” said local resident Henry Miller to local news station KXAN.