Sunday, July 21, 2024

Genesis Digital Assets, a prominent bitcoin mining company, has recently unveiled three new data centers in South Carolina’s western region, signifying its continuous expansion in the United States. These data centers now contribute to over 2% of Bitcoin’s total hashrate. The first facility, with a capacity of 18 MW, opened in Anderson in February, while two more centers, adding 15 MW, were launched in March between Union and Lockhart. This expansion has resulted in the creation of approximately 150 local job opportunities, with 95% of the construction work being contracted to South Carolinians.

Ankit Joshi, the head of North America for GDA, expressed pride in the team’s achievement, as they were able to open these new facilities in just a few months. He also appreciated the warm welcome and support from the local communities, recognizing the economic benefits it brings.

GDA emphasized the significance of clean energy in selecting the locations. The Pacolet center is situated near hydroelectric plants, while Anderson incorporates environmentally friendly transformers. The company believes that the data centers will contribute to strengthening the local power grid by returning excess power.

In the past year, Genesis Digital Assets acquired the capacity to mine using approximately 708 MW of electricity. They already operate bitcoin mining in Texas and North Carolina and have constructed more than 20 large-scale mining farms in various regions around the world.

GDA’s CEO, Andrey Kim, stressed their commitment to expanding their fleet using clean energy resources, aiming to set an example as industry leaders by showcasing ESG-friendly bitcoin mining practices.

This expansion is part of a broader trend in the mining industry, with other firms also announcing expansions and investments in sustainable energy resources. For example, a $20 million crypto mining farm is set to be built at a hydropower plant in Kyrgyzstan, and a recent study revealed that the bitcoin mining industry is among the largest consumers of sustainable energy.

Overall, the announcement of these new mining facilities in South Carolina showcases Genesis Digital Assets’ commitment to growth and environmentally responsible mining practices. Share your thoughts and opinions on this development in the comments section below.

Frequently Asked Questions (FAQs) about bitcoin mining

1. What is Genesis Digital Assets?

Genesis Digital Assets (GDA) is one of the world’s largest bitcoin mining companies, operating industrial-scale mining farms in North America, Europe, and Central Asia.

2. Where are the new data centers located?

The three new data centers are situated in the western region of South Carolina, with one in Anderson and two between Union and Lockhart.

3. How much capacity do the new data centers have?

The first facility in Anderson has a capacity of 18 megawatts (MW), while the two centers launched between Union and Lockhart add 15 MW of capacity.

4. How has the local community benefited from the expansion?

Genesis Digital Assets’ expansion has created approximately 150 local job opportunities, and 95% of the construction work was contracted to South Carolinians, providing an economic boost to the region.

5. What factors influenced the location selection?

The company’s decision to select the locations was influenced by the abundance of clean energy resources. The Pacolet center is near hydroelectric plants, and the Anderson facility utilizes environmentally friendly transformers.

6. How much of Bitcoin’s total hashrate does GDA’s data centers contribute?

GDA’s data centers in the United States now account for over 2% of Bitcoin’s total hashrate.

7. What is GDA’s commitment to clean energy?

Genesis Digital Assets aims to be industry leaders in environmentally sustainable mining practices. They are expanding their fleet using clean energy resources to make bitcoin mining more ESG-friendly.

8. Is GDA the only mining operation expanding?

No, in 2023, several firms have announced expansions and investments in the bitcoin mining industry, with some establishing new facilities using sustainable energy resources.

9. How much electricity capacity did GDA acquire in the past year?

Around twelve months ago, GDA acquired the capacity to mine using approximately 708 MW of electricity across various locations, including Texas and North Carolina.

10. What is the significance of the new mining facilities in South Carolina?

The new data centers in South Carolina represent a significant step in Genesis Digital Assets’ growth strategy and their commitment to environmentally friendly mining practices, contributing to the adoption of clean energy and economic development in the local communities.

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3 comments

BitCoinFan007 August 3, 2023 - 2:11 am

gda is a big player in the bitcoin mining world, and now they got 3 new data centers in sc! they rly care about clean energy, which is gr8 for the environment. go gda!

Reply
CryptoWarrior1 August 3, 2023 - 9:51 am

S. Carolina is lucky to have these data centers! GDA makin moves and showin how sustainable mining can be! othr firms should take notes. #Bitcoin #CleanEnergy

Reply
TechGeek82 August 3, 2023 - 11:08 am

Genesis digital assets expanding their mining operations in south carolina is amazin! they bring jobs to the local community and use clean energy, super impressive! #BitcoinMining #GreenTech

Reply

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