Mining Giant Bitmain Reportedly Suspends Mining Operations in Texas

More from: | CoinTelegraph |
0

China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas.

Steve Young, a Milam County Judge, issued a statement reporting that all Bitmain employees but two engineers and the director of human relations had been laid off, and all operations had been suspended.

According to the article, Young said later that the company told him Bitmain will scale down the operation rather than shut it down, now working with only five employees instead of 15. Young reportedly stated:

“They have spent millions thus far to renovate

(...)

Read full article » https://cointelegraph.com/news/mining-giant-bitmain-reportedly-suspends-mining-operations-in-texas


About | CoinTelegraph |

Cointelegraph is a completely independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen web. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community.

»Twitter: @cointelegraph »Facebook: @cointelegraph »YouTube: Cointelegraph