New Hope For Texas City’s Bitmine

New Hope For Texas City’s Bitmine

After grabbing headlines last August by announcing it would build the country’s largest bitcoin mine in Rockdale, Texas, the Chinese cryptocurrency company, Bitmain, suspended operations six months later and let go of most of its staff. In that six-month period the price of Bitcoin, the virtual currency that is one of the company’s chief commodities, had plummeted by more than half.