Howdy no more: Bitmain closes Mining Farm in Texas
First, the Texas radio station TRP reported on the problems of Bitmain. According to the report, Bitmain is forced to temporarily restrict its expansion intentions. This also affects the mining farm in Rockdale, a suburb of the Texas capital Austin.
This is a shock for both the region and the company. For the mining farm had been well on its way to becoming the largest of its kind in the entire US.
TRP cites District Judge Steve Young:
"So far you have spent millions on renovating the buildings," Young told TRP. "I was told that there are already 7,000 or 8,000 miners [in der Anlage] gives."
According to him, Bitmain could have been one of the biggest employers in Milam County in the near future. Correspondingly, Richter Young also shows up:
"I'm really disappointed because we applied. We had been waiting for it. We wanted that. "
According to the source, all but two developers and the head of the HR department have to leave the company.
The closure of the Texas site coincides with a series of reports on current difficulties faced by the largest producer of ASIC Miners. Back in December, CriptomonedaseICO reported the closure of a research center in Ra'anana, Israel; Here, too, all employees had to take their hats off.
The bear market appears to hit the Hong Kong-based corporation harder than expected. Due to the negative developments in recent times, a change at the highest level is also starting: For as the South China Morning Post reports, both CEOs of Bitmain will step down. However, Jihan Wu and Ketuan Zhan's successor will not be known yet.
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