Digital Asset Miner Blockcap Relocates HQ to Austin

April 12, 2021
Blockchain
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Blockchain is making a name for itself in Austin.

Blockcap, a bitcoin mining and blockchain technology company, announced Friday it moved its headquarters from Las Vegas to Austin. The company is said to be one of the fastest-growing bitcoin mining companies in the U.S.

Blockcap’s new Austin headquarters will be used for “transforming the United States into a central global player for digital asset mining and blockchain technology more broadly,” according to a news release.

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Blockcap raised $38 million last month bringing the company’s total funding to more than $75 million since its launch last year.

“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.”

Tesla, which has ramped up hiring for the Austin Gigafactory, bought $1.5 billion of Bitcoin earlier this year and is now allowing customers to buy its vehicles using the digital currency.

Blockcap’s headquarters relocation comes on the heels of the Texas Blockchain Council creating a Texas-specific “Legislator’s Toolkit for Blockchain Technology,” which will provide short-term and long-term policy proposals to promote a more “widespread use and adoption of blockchain uses,” according to Austin Inno.

Blockcap is one of a handful of companies moving to Austin. Following in the footsteps of Oracle and other major tech players, other recent headquarters relocations include Markaaz, CrowdStreet and Harmonate.

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