Ward Roddam explained that the world is nearing a new economic era driven by what he calls the “digital energy boom,” largely fueled by Bitcoin.
The Mayor of Rockdale, Texas, has highlighted Bitcoin’s crucial role in revitalizing the town’s economy.
In an Oct. 7 op-ed, Ward 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.
Once thriving 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.
In recent years, Bitcoin miners like Riot Platforms and Bitdeer have repurposed the old Alcoa facility for their operations. The 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. They’ve created mid-skill jobs, allowing locals to find well-paying employment without leaving town.”
According to Roddam, 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 Bitcoin’s 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 Rockdale's success and further strengthen the region’s economy.
The new facility in Corsicana would become one of Navarro County’s largest employers, potentially bringing $1.4 billion in taxable purchases and over $115 million in wages over the next decade, Roddam noted.
He concluded: “Bitcoin is like a digital oil well, poised to fuel the economic revival of rural Texas — if we allow it to grow.”
The above is the detailed content of Rockdale Mayor Highlights Bitcoin's Crucial Role in Revitalizing the Town's Economy. For more information, please follow other related articles on the PHP Chinese website!

Senator Cynthia Lummis took the stage to speak at the Bitcoin 2024 conference along with Senator Tim Scott, on Friday, discussing cryptocurrency and their vision for its role in the U.S. financial system.

On-chain data shows the Binance exchange has received large net Bitcoin inflows during the past day, indicating that BTC's decline may extend further.

JoeGrand-anethicalhackerandYouTuberwhoiswidelyknownforhisprojectsinvolvingcryptowallets,hassuccessfullyrecoveredalife-changingamountofbitcoin,presentlyvaluednorthof$3millionfromasoftwarewalletthathasbeenlockedformo

In the ongoing global economic and geopolitical rivalry, the United States may have a powerful new weapon – Bitcoin (BTC). That is the argument made by Sam Lyman

Financial experts are warning of an impending peak in US stocks. This may also lead Bitcoin to rise. According to Arthur Budaghyan, an analyst at BCA Research, the US stock market

Powered by the Unbound Fund, this initiative uses Bitcoin as a key to open up Portuguese citizenship via the country's golden visa program.

Cryptocurrencies, commodities, and stocks are among the most popular risk assets for investment and trade, also leading finance indicators.

Crypto analyst Mikybull Crypto has revealed the return of a technical indicator that represents a buy signal for Bitcoin. Based on his predictions, the

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Dreamweaver Mac version
Visual web development tools

Atom editor mac version download
The most popular open source editor

WebStorm Mac version
Useful JavaScript development tools

VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft

Notepad++7.3.1
Easy-to-use and free code editor
