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

Bitcoin miner Genesis Digital Belongings (GDA) introduced on Aug. 1 that it has launched three new information facilities within the U.S. state of South Carolina. The services got here on-line in February and March.

The services are positioned within the western a part of the state, with the primary opening within the city of Anderson on the location of an deserted warehouse. It has a capability of 18 MW. Services have been opened between the cities of Union and Lockhart the next month that had a mixed capability of 15 MW.

The corporate stated in an announcement that the brand new services have been a part of an growth in the USA. GDA North American head Ankit Joshi stated, “We have been impressed to see how these native communities welcomed us so warmly as a chance for his or her economic system.”

Time for one more WARNING! We’re NOT onboarding new prospects. We’ll by no means attain out to you on social media, WhatsApp, or Telegram to promote you one thing. Do not ship your cash to pretend Genesis Mining “brokers”! #genesismining

— Genesis Mining (@GenesisMining) February 21, 2023

The added capability is fairly modest in contrast, for instance, to the 300-MW facility the corporate opened in Texas in 2021.

GDA emphasised that the services will run on clear power. The Anderson information middle will use Hitachi dry-type distribution transformers and can return energy to the grid when wanted. GDA CEO Andrey Kim stated:

“Our purpose is to be business leaders and present the world that Bitcoin mining may be very ESG [environmental, social and governance]-friendly.”

GDA has constructed over 20 Bitcoin mining services in North America, Europe, and Central Asia and has a complete capability of over 400 MW.

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The brand new facilities are premiering because the Bitcoin (BTC) hash charge continues to climb in anticipation of the halving anticipated to happen on April 26, 2024. Mining problem has additionally climbed 51% this 12 months to an all-time excessive. In the meantime, the worth of Bitcoin has additionally risen 78.88% this 12 months.

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