Texas town Rockdales Mayor credits Bitcoin for economic turnaround
Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoins crucial role in revitalizing the towns economy.
In an Oct. 7 op-ed, Roddam explained that the world is nearing a new economic era driven by what he calls the digital energy boom, largely fueled by Bitcoin. He noted that rural communities, including Rockdale, are already reaping the benefits.
Rockdale once thrived as a manufacturing center, hosting the Alcoa aluminum plant from 1952 until its closure in 2008. The shutdown led to a significant decline in tax revenue and job opportunities, creating funding challenges for public services.
How Bitcoin helped Rockdale
In recent years, Bitcoin miners like Riot Platforms and Bitdeer have repurposed the old Alcoa facility for their operations. This site features extensive energy infrastructure, including substations and transmission lines, which Bitcoin miners depend on heavily.
Initially, Roddam had reservations about the miners. However, after years of collaboration with industry leaders, he began to see their positive impact. He stated:
As both mayor and a lifelong resident of Rockdale, I learned that Bitcoin miners are deeply invested in the communities where they work. In Rockdale, these companies now employ hundreds of people. Theyve created mid-skill jobs, allowing locals to find well-paying employment without leaving town.
Roddam emphasized that Bitcoin miners have contributed significantly to the local economy by creating new jobs. Their investments exceed $1 billion, and they actively support community initiatives through donations and sponsorships.
He expressed concern that recent statements from Texas lawmakers might misrepresent Bitcoins benefits. According to Roddam, the miners generate more local employment than critics suggest.
Looking ahead, he suggested that Riot Platforms planned expansion into Corsicana could replicate Rockdales success and further strengthen the regions economy.
Roddam noted that the new facility in Corsicana would become one of Navarro Countys largest employers, potentially bringing $1.4 billion in taxable purchases and over $115 million in wages over the next decade.
He concluded:
Bitcoin is like a digital oil well, poised to fuel the economic revival of rural Texas if we allow it to grow.
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