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Four children were sickened after visiting the San Diego County Fair earlier this month, and now, one has died. FOX 5 , citing a release from the San Diego County Health and Human Services Agency, reports all four children, said to be between the ages of 2 and 13, contracted E….
Dispute over pro-police ‘Blue Lives Matter’ flag results in $100G settlement for county employee who suedApril 21, 2019 | dailybusinessnews
A county in Oregon has agreed to pay a former employee a $ 100,000 settlement after she sued the county for racial discrimination because a co-worker had posted a “Blue Lives Matter” flag in an office in support of local police.
The Los Angeles County office market has been on the upswing since 2013 and showed no sign of slipping in the first quarter as rents moved up and vacancy declined.
Technology and media content companies again led the leasing pack, while law firms also resumed growth after years of shrinking their…
Measles cases are spiking in the US , and one area is taking a big stand: New York’s Rockland County has declared a state of emergency over an outbreak that has seen 153 cases since October, and is banning unvaccinated minors from public places. Anyone under 18 who has not received…
The Beatrice Six are a unique case in the history of American crime , and the Supreme Court’s Monday decision related to their case has left Nebraska’s Gage County in a unique situation. The six went to prison for raping and killing Helen Wilson in the town of Beatrice in 1985…
California’s largest county has banned the construction of large solar and wind farms on more than 1 million acres of private land, bending to the will of residents who say they don’t want renewable energy projects industrializing their rural desert communities northeast of Los Angeles.
A small county in eastern New Mexico declared itself a “Second Amendment Sanctuary County” on Wednesday in protest of pending gun control legislation in the state.
The Los Angeles County Fair won’t raise entrance prices and will continue to offer popular discounted meal packages — both efforts to increase attendance to the annual summer festival.
The fair’s operator is hoping to build on last year’s 5% visitor increase, which followed a nearly 7% decline…
Marking the eighth year in a row of tourism growth, Los Angeles County hosted an estimated 50 million visitors in 2018, reaching a target milestone two years ahead of schedule.
The tourism record represents a 3.1% increase over 2017’s total of 48.5 million visitors, an increase that has been fueled…
According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused.
Bitmain Reportedly Halts Its Texas Mining Operations
It seems Bitmain has temporarily stopped operations at its Texas facility in the wake of cryptocurrency markets losing significant fiat value over the last few months. According to Texas Public Radio (TPR) and Milam county judge Steve Young, the Rockdale plant used to employ 15 individuals and now the operation is down to five employees manning the factory. Young says he isn’t too pleased that the mining business has paused and hopes the operation will continue. The county official emphasized that the Chinese company had “spent millions thus far to renovate the buildings” and he believes there are 7,000-8,000 mining units dispersed throughout the location.
“I’m really disappointed because we had advertised this, we had waited for this, we had wanted this and we had welcomed this,” Milam county judge Steve Young explained this Friday. “This was huge, we need some positive news here and we need some jobs here — We need a tax base here and this was a step in the right direction.”
The announcement comes after the South China Morning Post reported that Bitmain was in the midst of changing leadership roles. Moreover, the company’s mining operation Antpool was sponsoring the Houston Rockets about 40 miles west of College Station at the Toyota Center. At the time, Bitmain explained that choosing the Rockdale operation was due to certain factors in Texas like a strong economy, population growth, and friendly regulations. The Chinese company was also reportedly getting a tax abatement privileges as well. The abatement would give Bitmain and other technology firms who reside at the former aluminum smelter factory a 10-year tax break.
So Far Bitmain Hasn’t Given Rockdale Officials Any Reason to Worry
Bitmain officials declined to comment on the current status in Rockdale and told TPR in an email that staff reductions were happening across the entire company. “The right-sized team at Rockdale now has the expertise to re-start the project at small scale anytime. Bitmain would like to ramp up the site at a slower pace and scale based on market conditions,” the spokesperson told TPR. Rockdale city manager Chris Whittaker told TPR he is optimistic that the Chinese mining manufacturer will remain in Rockdale.
“I am optimistic that maybe [Bitmain] is reorganizing — They haven’t totally shut down and all those things are encouraging,” said Whittaker.
The city manager continued:
We’re optimistic that future companies are coming to the Alcoa property — This is a valuable asset to the county and it will remain and some company will come here and take advantage of this cheap source of power.
The Milam county judge detailed that Bitmain hasn’t given officials any reason to worry and the corporation has been honest so far. Moreover, Young also noted that Bitmain also pledged to hire locally and help pay school district taxes. Tax abatement deals are not uncommon for startups looking to set up shop in the Texas region, but if a startup cannot fulfill its promises then the tax breaks can be renegotiated by Rockdale officials.
What do you think about Bitmain allegedly suspending its Texas operations? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Paul Flahive of Texas Public Radio, and Pixabay.
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