Mayor of Rockdale, Texas: Bitcoin mining is conducive to revitalizing the local economy

Ward Roddam, mayor of Rockdale, Texas, has highlighted the key role Bitcoin has played in revitalizing the city’s economy. In an Oct. 7 column, Roddam explained that the world is approaching a new economic era, which he called a “digital energy boom” driven largely by Bitcoin. He noted that rural communities, including Rockdale, have benefited from it. Rockdale was once a thriving manufacturing hub that housed Alcoa’s aluminum plant from 1952 until its closure in 2008. The government shutdown has led to a significant reduction in tax revenue and jobs, creating funding challenges for public services. In recent years, bitcoin mining companies such as Riot Platform and Bitdeer have repurposed old Alcoa facilities for their operations. The site has extensive energy infrastructure, including substations and transmission lines, which bitcoin miners rely heavily on. Initially, Roddam had reservations about miners. However, after years of working with industry leaders, he began to see their positive impact. He said: "As the mayor of Rockdale and a lifelong resident, I understand that Bitcoin miners invest heavily in the communities where they work. In Rockdale, these companies now employ hundreds of people. They create middle-skill jobs that allow locals to find good-paying jobs without leaving the city." Roddam emphasized that Bitcoin miners make a significant contribution to the local economy by creating new jobs. Their investment exceeds $1 billion and they actively support community initiatives through donations and sponsorships. He is concerned that recent statements by Texas lawmakers may misrepresent the benefits of Bitcoin, arguing that miners create more local jobs than critics believe. Looking forward, Roddam believes that Riot Platform's planned expansion in Corsicana can replicate the city's success and further strengthen the region's economy. He noted that the new facility in Corsicana will become one of the largest employers in Navarro County, potentially bringing in $1.4 billion in taxable purchases and more than $115 million in wages over the next decade. He concluded: "Bitcoin is like a digital oil well, and if we allow it to grow, it will fuel the economic recovery of rural Texas." (CryptoSlate)