Blockcap, a bitcoin mining company, has relocated its base camp from Las Vegas to Austin, Texas, an emerging center for the cryptocurrency industry.

According to a statement on Blockcap’s website, the company picked Austin, Texas as its new central command for its ideal labor force guidelines, “just as proclamations by Governor Abbott and his group in regards to securing blockchain innovation,” creator and leader administrator Darin Feinstein said.

Governor Abbott made the announcement via Twitter, using the @Bitcoin Twitter handle. He’s been embracing advancements in computerized resource innovation for the Lone Star State as of late. He signaled his support for new digital currency legislation at the end of March, for instance.

“[Cryptocurrency] is progressively being utilized for exchanges and it is also becoming more common as an investment. (Fidelity, for example, is attempting to obtain a Bitcoin ETF), Texas, like we did with the gold depository, should take the lead on this.”

He sent out a tweet.

Likewise, the previous legislative head of Texas, Rick Perry, refered to Blockcap’s essence as a significant enhancement for work creation and practical financial development in the state.

In a statement, Perry said:

“The State of Texas welcomes Blockcap and its decision to locate its office in our capital,which is yet more proof that we have become the head area for forward-looking businesses like blockchain,”

Blockcap recently proclaimed it received an additional $38 million in funding, bringing the company’s cumulative funding to $75 million since its establishment last year.

The organization has, as of late, procured more than 40,000 ASIC miners from Bitmain and Canaan and it intends to bring another 18,000 online before the year’s over.


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