Genesis Digital Assets Opens 3 New Bitcoin Mining Data Centers

Genesis Digital Assets (GDA), a company that mines Bitcoin, revealed on August 1 that it had opened three new data centers in the U.S. state of South Carolina. The infrastructure went live in the months of February and March.

The first of these facilities opened in Anderson, on the site of a former warehouse, in the western portion of the state. It can produce 18 MW of power. Union and Lockhart, Texas, opened facilities with a combined 15 MW of power the next month. In a statement, the corporation explained that the expansion into the United States included the construction of the additional facilities.

Managing Director of GDA North America Ankit Joshi stated:

“We were impressed to see how these local communities welcomed us so warmly as an opportunity for their economy.”

Utilizing Renewable Energy

It’s a rather small increase in capacity compared to, say, the 300 MW plant the business erected in Texas in 2021. GDA stressed that renewable energy sources will be used to power the facilities. When necessary, the Anderson data center will feed excess power back onto the grid via Hitachi dry-type distribution transformers.

GDA CEO Andrey Kim said:

“Our goal is to be industry leaders and show the world that Bitcoin mining can be very ESG [environmental, social and governance]-friendly.”

Moreover, GDA has constructed over 20 Bitcoin mining operations with a combined capacity of over 400 MW throughout North America, Europe, and Central Asia.

As the Bitcoin hash rate continues to rise, these new data centers are debuting just in time for the upcoming halving on April 26, 2024. The difficulty of mining has also reached an all-time high this year, increasing by 51%.

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