Chinese Mining firm Poolin is ready to go in Texas

Poolin, a significant mining firm of china is ready to move to America. They are getting too late but this is indication that small mining firms are under huge problem to shift their Crypto business from China to other crypto friendly regions.

After China’s crackdown on Crypto mining & trading, huge numbers of big companies started to relocate in other countries where conditions are highly favourable for their operations. But there are many companies which are facing huge problems relocating their business because of many issues. One of the moderate level Chinese mining firms is now ready to relocate to Texas. They shared many things about the problems with Chinese small firms.

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Alejandro De La Torre, Vice president of Poolin, said that they are finally ready to relocate their firm including machines from China to Austin, Texas. And also he claimed that some executives of Poolin have already moved to Texas so that they can manage all legality & formal written work in advance, So that they can relocate their business as quickly as possible.

Alejandro also explained many types of facts which are responsible for huge problems for small Chinese mining firms. According to Alejandro, many mining firms which have no connection outside China are facing problems relocating. The main reasons are communication language. Most of the Chinese mining firms owners & executives don’t know English language, so for them it is a tedious task to face the legal procedure to move from China to abroad. And also small mining firms have low budgets to shift their business, so for them it is very tough to decide to go outside China to re-establish their mining business.

 “There’s a whole list of things you need to consider, rather than just the cost of electricity or the amount of electricity you need. You also have to consider regulation in the state level.”

With the whole interview conclusion, Alejandro said that large players in the U.S are looking for better deals & profit to help the Chinese miners. And here we should not consider the point of electricity supply amount & cost. There are a number of things we should taken into consideration.

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