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

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

The amenities are situated within the western a part of the state, with the primary opening within the city of Anderson on the positioning of an deserted warehouse. It has a capability of 18 megawatts (MW). Services had been opened between the cities of Union and Lockhart the next month which have a mixed capability of 15 MW.

The corporate said in a press release that the brand new amenities had been a part of an growth in the US. GDA North American head Ankit Joshi mentioned, “We had been impressed to see how these native communities welcomed us so warmly as a chance for his or her financial system.”

The added capability is moderately modest in contrast, for instance, to the 300 MW facility the company opened in Texas in 2021.

Genesis Digital Property ramps up its US growth, launching three state-of-the-art amenities in South Carolina! With 400 MW of capability spanning three continents, they’re making huge strikes within the crypto mining sport. #GenesisDigitalAssets #USexpansion #CryptoMining

— Block Savvy (@Block_Savvy) August 1, 2023

GDA emphasised that the amenities will run on clear vitality. The Anderson information heart will use Hitachi dry-type distribution transformers and can return energy to the grid when wanted. GDA CEO Andrey Kim mentioned:

“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 amenities 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 yr to an all-time excessive. In the meantime, the worth of Bitcoin has additionally risen 78.88% this yr.

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