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The Hard-Luck Texas Town That Bet on Bitcoin—and Lost - Cryptos UK
Bitmain, a Chinese company that makes specialized computers for “mining” cryptocurrency, said it would invest $500 million in what was to be the world’s largest bitcoin-mining facility at the closed Alcoa smelter, which, crucially, was still connected to massive electrical lines. The large buildings where aluminum was made, called potrooms, would be filled with shipping…