Ward Roddam, the mayor of Rockdale, Texas, has highlighted Bitcoin’s crucial role in revitalizing the city’s economy.
In an October 7 op-edRoddam explained that the world is entering 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.
Rockdale once thrived as a manufacturing center and housed the Alcoa aluminum plant from 1952 until its closure in 2008. The closure led to a significant decline in tax revenues and employment, creating funding problems for public services.
How Bitcoin Helped Rockdale
In recent years, Bitcoin miners such as Riot Platforms and Bitdeer have repurposed the old Alcoa facility for their operations. This site has extensive energy infrastructure, including substations and transmission lines, on which Bitcoin miners rely heavily.
Initially, Roddam had reservations about the miners. However, after years of working with industry leaders, he began to see its positive impact. He stated:
“As mayor and lifelong resident of Rockdale, I have learned that Bitcoin miners are deeply invested in the communities where they work. In Rockdale, these companies now employ hundreds of people. They have created mid-level jobs, allowing locals to find well-paying work without leaving the city.”
Roddam emphasized that 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 could misrepresent the benefits of Bitcoin. 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.
Roddam noted that the new Corsicana facility would become one of Navarro County’s largest employers, potentially generating $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, ready to fuel the economic revival of rural Texas – if we let it grow.”