Genesis Digital Assets opens three new facilities in South Carolina in US expansion

1 year ago

The institution has 400 MW of capableness dispersed crossed 3 continents, but astir of its powerfulness is concentrated successful Texas.

Genesis Digital Assets opens 3 caller facilities successful South Carolina successful US expansion

Bitcoin miner Genesis Digital Assets (GDA) announced connected Aug. 1 that it has launched 3 caller information centers successful the U.S. authorities of South Carolina. The facilities came online successful February and March.

The facilities are located successful the occidental portion of the state, with the archetypal opening successful the municipality of Anderson connected the tract of an abandoned warehouse. It has a capableness of 18 MW. Facilities were opened betwixt the towns of Union and Lockhart the pursuing period that had a combined capableness of 15 MW.

The institution said successful a connection that the caller facilities were portion of an enlargement successful the United States. GDA North American caput Ankit Joshi said, “We were impressed to spot however these section communities welcomed america truthful warmly arsenic an accidental for their economy.”

Time for different WARNING! We are NOT onboarding caller customers. We volition ne'er scope retired to you connected societal media, WhatsApp, oregon Telegram to merchantability you something. Don't nonstop your wealth to fake Genesis Mining "agents"! #genesismining

— Genesis Mining (@GenesisMining) February 21, 2023

The added capableness is alternatively humble compared, for example, to the 300-MW facility the institution opened successful Texas successful 2021.

GDA emphasized that the facilities volition tally connected cleanable energy. The Anderson information halfway volition usage Hitachi dry-type organisation transformers and volition instrumentality powerfulness to the grid erstwhile needed. GDA CEO Andrey Kim said:

“Our extremity is to beryllium manufacture leaders and amusement the satellite that Bitcoin mining tin beryllium precise ESG [environmental, societal and governance]-friendly.”

GDA has built implicit 20 Bitcoin mining facilities successful North America, Europe, and Central Asia and has a full capableness of implicit 400 MW.

The caller centers are premiering arsenic the Bitcoin (BTC) hash complaint continues to ascent successful anticipation of the halving expected to hap connected April 26, 2024. Mining trouble has besides climbed 51% this twelvemonth to an all-time high. Meanwhile, the terms of Bitcoin has besides risen 78.88% this year.

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