Austin Becoming Blockchain Hub With Recent Relocation of Blockcap

AUSTIN, TX—Blockcap has announced its relocation from its Las Vegas headquarters to Austin, in a move that posits the state’s capital as one of the newest hubs for blockchain tech and innovation.

The move comes on the heels of Blockcap’s recent announcement of its purchase of an additional 8,400 AvalonMiner 1246s, acquired from top manufacturer Canaan. The purchase of these state-of-the-art machines brings the number of Blockcap-operated miners to be deployed by Q4 of this year to over 30,000. The large-scale purchase and headquarter relocation is a testament to the company’s expansion and reach. The company was founded in 2020 by veterans of Core Scientific, a blockchain-hosting company, Blockcap continues to add hardware and increase growth through the acquisition of high-quality mining operations.

Blockcap is one of several global players making recent moves to Austin, a trend that industry forecasters say is not likely to cool anytime soon. “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,” former Texas governor Rick Perry said in the release. “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.”

The headquarters relocation of Blockcap follows the Texas Blockchain Council creating a Texas-centric “Legislator’s Toolkit for Blockchain Technology”, offering short-term and long-term policy proposals for the promotion of blockchain uses.

Perhaps not surprisingly, the company shares the City’s commitment to the environment, with the sustainability-driven company also touting itself as “a vehicle for environmentally conscious initiatives that participate and positively contribute to the ecosystem into the future.”

Image courtesy of Unsplash.