Major BTC Company Sets Up Base in Austin, Texas
2 min read
One of US’s largest BTC mining and blockchain technology companies, Blockcap Inc. has announced that it has established its headquarters in Austin; a move that the ex-governor of Texas, Rick Perry, gladly welcomes as an important part of Texas’ digital asset technology innovation.
Texas’ sudden influx of technology pioneers, most notably electric car manufacturer Tesla, may have influenced Blockcap’s decision to set up its HQ in the state.
Perry, who was Texas’ incumbent Governor for 14 years, remarked that Blockcap’s presence would open up more job opportunities and spur Texas’ sustainable economic growth for the coming years. Blockcap is focusing on utilizing its new Austin-based HQs to turn the US into a central global player for crypto mining and blockchain technology, with the help of its expansive and next-gen mining machines.
“The State of Texas welcomes Blockcap and its decision to establish its headquarters in our capital, which is yet more evidence that we have become the premier location for forward-looking industries like blockchain,” said Perry. “With Blockcap now joining Tesla and a whole host of other innovative companies here, I’m even more excited for what the future has in store for our state, our flourishing industries and, most of all, our people.”
“Austin is our home base from which we will pursue our mission and bring this great city closer to the center of the United States’ blockchain technology ecosystem,” said Darin Feinstein. “We also see the city as an ideal location from which to continue expanding our operations as we grow at both national and international levels.”
Not too long ago, the firm revealed that it has raised over $75 million in funding since its conception in 2020. Blockcap has also announced that they have obtained a huge number of BTC mining machines; the delivery is expected to occur sometime 2021 and the following year.
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