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Two Bitcoin mining behemoths are competing for inexpensive electricity in a small Texas hamlet.
Bitdeer, a mining startup split out of Chinese giant Bitmain, and Riot Blockchain (NASDAQ: RIOT), one of the top publicly traded Bitcoin mining corporations in the United States, are both hosting data centres in Rockdale, Texas, at a former aluminium smelting plant.
The town’s aluminium smelting factory was originally the world’s largest, until the company that ran it, Alcoa, decided to close it down in 2008.
According to Lee Bratcher, president of the Texas Blockchain Council, the facility’s energy capacity was squandered from the time Alcoa left until the miners arrived.
Despite being a small rural town of only 5,600 people, Rockdale offers all of the advantages sought after by industrial-scale miners, including crypto-friendly politicians, large plots of land with abandoned industrial infrastructure ripe for repurposing, and dirt-cheap electricity prices due to Texas’ deregulated market.
Story by : Norvisi Mawunyegah