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| comment | | "parent_author":"",<br>"parent_permlink":"news",<br>"author":"pranksters",<br>"permlink":"mininground-upskyminingceofleeswith35milliontexasattractsminers-8ukv6sxpe1",<br>"title":"Mining Round-Up: Sky Mining CEO Flees with $35 Million,<br> Texas Attracts Miners",<br>"body":"<img width=\"696\" height=\"696\" src=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-768x768.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Mining Round-Up: Sky Mining CEO Flees With $35 Million,<br> Texas Attracts Miners\" style=\"float:left; margin:0 15px 15px 0;\" srcset=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-768x768.jpg 768w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-150x150.jpg 150w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-300x300.jpg 300w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-1024x1024.jpg 1024w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-696x696.jpg 696w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-1392x1392.jpg 1392w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-1068x1068.jpg 1068w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074-420x420.jpg 420w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_481529074.jpg 1600w\" sizes=\"(max-width: 696px) 100vw,<br> 696px\" \/><br\/><p><strong>In recent mining news,<br> it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile,<br> in the US,<br> Tmgcore has acquired a 100-megawatt data center in Dallas,<br> Texas,<br> and local media have reported that Bitmain will open a mining facility in a former aluminium smelter in Rockdale,<br> Texas.<\/strong><\/p>\n<p><em><strong>Also Read:<\/strong><\/em>\u00a0<em><a href=\"https:\/\/news.bitcoin.com\/market-caps-for-privacy-centric-currencies-have-dropped-significantly\/\" target=\"_blank\" rel=\"noopener\">Market Caps for Privacy-Centric Currencies Have Dropped Significantly<\/a><\/em><\/p><h2><center>Investors Allege CEO of Vietnamese Mining Company Fled to U.S. With $35 Million<\/center><\/h2>\n<p><div class=\"pull-right\"><img class=\"alignright size-full wp-image-193918\" src=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_510952042.jpg\" alt=\"Mining Round-Up: Sky Mining CEO Flees With $35 Million,<br> Texas Attracts Miners\" width=\"300\" height=\"300\" srcset=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_510952042.jpg 300w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_510952042-150x150.jpg 150w\" sizes=\"(max-width: 300px) 100vw,<br> 300px\" \/><\/div><br\/>Investors and board members of Ho Chi Minh City-based Sky Mining have expressed fears that the company\u2019s chief executive officer,<br> Le Minh Tam,<br> has fled the country and run away with approximately $35 million USD in investors funds.<\/p>\n<p>According to <a href=\"https:\/\/e.vnexpress.net\/news\/business\/ceo-absconds-as-another-cryptocurrency-firm-implodes-in-vietnam-3784395.html\" target=\"_blank\" rel=\"noopener\">local media<\/a>,<br> Mr. Tam has not been contactable since Monday,<br> with the exception of an apology note posted to investors on Wednesday via Facebook. Investors reportedly visited the company\u2019s main office in Phu Nhuan District to discover \u201cthe building closed and the company nameplate removed.\u201d Additionally,<br> \u201call 600 mining machines in the company\u2019s factory in the neighboring Dong Nai Province\u2019s Bien Hoa Town had been taken away by a group of people claiming to be maintenance workers.\u201d<\/p>\n<p>Le Minh Hieu,<br> the deputy chairman of the company,<br> is forming a temporary board to \u201csupport investors and calculate the remaining asset[s of the company,<br>\u201d and has accused the CEO of fleeing to the United States. \u201c[The board has reported this to the police and showed evidence that we are not guilty,<br>\u201d said Mr. Hieu.<\/p>\n<center>Bitmain to Open Mining Facility in Former Aluminum Smelter<\/center><\/h2>\n<p><div class=\"pull-right\"><img class=\"alignright size-medium wp-image-193914\" src=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1-300x200.jpg 300w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1-768x512.jpg 768w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1-696x464.jpg 696w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1-630x420.jpg 630w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_1134658499-1.jpg 1000w\" sizes=\"(max-width: 300px) 100vw,<br> 300px\" \/><\/div><br\/>According to local media,<br> Bitmain will be opening a bitcoin mining facility in a former aluminum plant in Rockdale.<\/p>\n<p>Jeff Mosier,<br> an energy and environment reporter for <em>Dallas News<\/em>,<br><a href=\"https:\/\/www.dallasnews.com\/business\/energy\/2018\/07\/19\/coal-gone-texas-town-going-bitcoin-mining\" target=\"_blank\" rel=\"noopener\"> states<\/a>: \u201cThe new Bitcoin mining facility is going to be opening at the former Alcoa Aluminum smelter,<br> and that\u2019s next door to the coal plant that just closed. So now that that\u2019s gone,<br> they have a big industrial facility with lots of electricity infrastructure [capable of Bitcoin mining,<br> which is essentially a huge server farm.\u201d<\/p>\n<p>No indication has been made as to when the facility will launch operations,<br> however\u00a0<em>Dallas News<\/em> reports that a listing on job site Indeed.com indicates that Bitmain Technologies is seeking to employ a project manager for the Rockdale location. According to the publication,<br> the facility is expected to create \u201c300 to 500 jobs.\u201d<\/p>\n<center>Tmgcore Purchases $60 Million Data Center in Dallas<\/center><\/h2>\n<p><div class=\"pull-right\"><img class=\"alignright size-medium wp-image-193921\" src=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041-300x252.jpg\" alt=\"Mining Round-Up: Sky Mining CEO Flees With $35 Million,<br> Texas Attracts Miners\" width=\"300\" height=\"252\" srcset=\"https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041-300x252.jpg 300w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041-768x645.jpg 768w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041-696x585.jpg 696w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041-500x420.jpg 500w,<br> https:\/\/news.bitcoin.com\/wp-content\/uploads\/2018\/07\/shutterstock_513650041.jpg 1000w\" sizes=\"(max-width: 300px) 100vw,<br> 300px\" \/><\/div><br\/>Mining company Tmgcore has acquired a \u201c$60 million USD,<br> 150,<br>000-square-foot data center\u201d in Plano,<br> Dallas,<br> according to local media.<\/p>\n<p>The facility is reportedly capable of a 100-megawatt power load,<br> with the Tmgcore chief executive officer,<br> JD Enright,<br> <a href=\"https:\/\/www.dallasnews.com\/business\/real-estate\/2018\/07\/27\/cryptocurrency-company-moving-60-million-plano-data-center\" target=\"_blank\" rel=\"noopener\">stating<\/a>: \u201cOne of the things you need is a lot of power,<br> and there’s not a lot of places with 100 MW lying around.\u201d<\/p>\n<p>Mr. Enright <a href=\"https:\/\/dallasinnovates.com\/tmgcore-launches-enterprise-scale-cryptocurrency-mining-facility-in-plano\/\" target=\"_blank\" rel=\"noopener\">claims<\/a> that the company has \u201cdeveloped a two-phase liquid cooling Immersion technology to dramatically decrease cooling costs by up to 90 percent,<br> allowing us to mine anywhere \u2014 even in Plano in the middle of the summer.\u201d<\/p>\n<p><em><strong>Do you think that Texas will continue to see investment from cryptocurrency mining companies? Share your thoughts in the comments section below!<\/strong><\/em><\/p>\n<hr \/>\n<p><em>Images courtesy of Shutterstock<\/em><\/p>\n<hr \/>\n<p><i>Want a comprehensive list of the top 500 cryptocurrencies and see their prices and overall market valuation? Check out <\/i><a href=\"https:\/\/markets.bitcoin.com\/\" target=\"_blank\" rel=\"noopener\"><i>Satoshi Pulse<\/i><\/a><i> for all that hot market action!<\/i><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/news.bitcoin.com\/mining-roundup-sky-mining-ceo-flees-35-million-texas-attracts-miners\/\">Mining Round-Up: Sky Mining CEO Flees with $35 Million,<br> Texas Attracts Miners<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/news.bitcoin.com\">Bitcoin News<\/a>.<\/p>",<br>"json_metadata":" \"community\":\"steempress\",<br>\"app\":\"steempress\/1.3\",<br>\"image\":[\"\" ,<br>\"tags\":[\"news\",<br>\"blockchain\",<br>\"crypto\",<br>\"steemit\",<br>\"bitcoin\" ,<br>\"original_link\":\"https:\/\/Steemitbot.000webhostapp.com\/2018\/07\/mining-round-up-sky-mining-ceo-flees-with-35-million-texas-attracts-miners\" " | | comment_options | "author":"pranksters",
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