Genesis Digital Assets Announces New 300 MW Industrial-Scale Bitcoin Mining Data Center in West Texas

[ad_1] <div> PYOTE, Texas – November 1, 2021 – (<a target="_blank" href="https://www.newswire.com/" rel="nofollow noopener">Newswire.com</a>) <a target="_blank" href="https://genesisdigitalassets.com/" rel="nofollow noopener">Genesis Digital Assets</a>, one of many largest Bitcoin mining firms on this planet, in the present day introduced a brand new self-hosted industrial-scale bitcoin mining information heart in West Texas. The brand new information heart could have a capability of 300 megawatts with sustainable infrastructure, excessive effectivity, and a low carbon footprint with power being sourced from ERCOT, <a target="_blank" href="https://www.environmentalleader.com/2021/04/renewables-accounted-for-42-of-ercots-energy-generation-in-march/" rel="nofollow noopener">where over 40% of the source comes from wind and solar power</a>. Moreover, the ability will create job alternatives in West Texas, together with offering work for native contractors. Commenting on the brand new facility, Abdumalik Mirakhmedov, Government Chairman and co-founder of Genesis Digital Belongings, stated: “As we proceed our speedy growth plans in america, we stay dedicated to our sustainability and social commitments, by figuring out methods to energy our industrial-scale bitcoin mining farms with renewable power and create job alternatives for the native communities during which we function.” “We’re full velocity forward on our mission to supply the infrastructure that may energy the way forward for cash. This new information heart marks one other key milestone as we work in direction of executing on our large image imaginative and prescient,” stated Andrey Kim, COO and co-founder of Genesis Digital Belongings. To assist the corporate’s objective of launching 1.4 GW of recent information facilities by 2023, they’ve lately signed the one of many <a target="_blank" href="https://www.prnewswire.com/news-releases/canaan-cements-strategic-partnership-with-genesis-digital-assets-via-milestone-sales-contract-with-an-additional-purchase-option-301365783.html" rel="nofollow noopener">largest procurement deals in the history of the industry</a>, together with elevating over $550 million in funding this yr with the <a target="_blank" href="https://www.globenewswire.com/news-release/2021/09/21/2300881/0/en/Genesis-Digital-Assets-Raises-431-Million-to-Fund-Expansion-of-Industrial-Scale-Bitcoin-Mining-Operations-in-the-US-and-Nordics.html" rel="nofollow noopener">most recent round</a> led by Paradigm with participation from NYDIG, Stoneridge, Alameda Analysis, Ribbit, Electrical Capital, Skybridge, and Kingsway Capital. As of October 2021, Genesis Digital Belongings’ information heart capability is at over 170 megawatts, translating into a complete hashrate exceeding 3.8 Exahashes (EH/s), which is greater than 2.4% of the worldwide bitcoin mining hashrate. One other 9.4 Exahashes (EH/s) will go surfing throughout the subsequent 12 months, and by the tip of 2023, Genesis Digital Belongings expects to succeed in a capability of over 1.5 gigawatts. Within the month of September alone, the corporate mined 662 Bitcoins. About Genesis Digital Belongings Genesis Digital Belongings is among the world’s largest and most skilled Bitcoin mining firms. Since 2013, the founders of the corporate have constructed over 20 industrial-scale mining farms, introduced over 300,000 miners on-line, and mined over $1 billion in Bitcoin. The corporate was based by 5 founders, Marco Streng and Marco Krohn from Genesis Mining and three former mining business executives, Abdumalik Mirakhmedov, Andrey Kim, and Rashit Makhat. For extra info, go to <a target="_blank" href="https://genesisdigitalassets.com/" rel="nofollow noopener">genesisdigitalassets.com</a>.

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