A Chinese company plans to open a Bitcoin mining operation in part of the old Alcoa plant just outside of Milam County’s town, bringing with it the prospect of 300-500 jobs.
It’s not the kind of economic activity Milam County was used to, but without the jobs the area lost, it’s redefining itself for a modern economy, and the mine is just the beginning. “We’re still trying to survive here in this little town,” Henry Miller said last week.
Miller, who is now 61 years old, has lived in Rockdale his whole life, working at the Luminant power plant and then as an independent contractor at the site. He retired before the plant closed, but like everyone in Rockdale, he still felt the impact. “We thought sure the plant was going to be here for years and years and years to come, but it’s not,” he said. “We didn’t think it was going to close its doors, but it did.”
The company Bitmain Technologies plans to announce the operation in the coming days, the company’s North American executive vice president and director of operations, Jeff Stearns, told the press.
“These will be technical jobs, these are well-paid jobs,” said Rebecca Johnson-Vasquez, chair of the Rockdale Chamber of Commerce and owner of Lone Star Guns & Goods on Main Street.Trade crypto