Bitcoin Mining Operation Genesis Digital Assets announces new data center in West-Texas-Mining Bitcoin messages

After a series of acquisitions of ASIC mining rigs by manufacturer Cananan, the Bitcoin mining company Genesis Digital Assets announced on Monday that the company is developing a Bitcoin mining data center on an industrial scale in West-Texas. According to the announcement, Genesis says that the new system will have a capacity of 300 megawatts with a "low CO2 footprint".

Genesis quits new Bitcoin on mining system with 300 megawatt capacity

The mining company Genesis Digital Assets has announced the start of a new Bitcoin mining system in West-Texas. The Genesis data center is supplied with energy by the Electric Reliability Council of Texas (Ercot). According to the company, the ERCOT company is a large electricity supplier in Texas and statistics, the company delivers 90 percent of the state's electrical load. Genesis emphasizes that the new data center with 300 megawatts will have "sustainable infrastructure, high efficiency and a low CO2 footprint".

The announcement of the system in Texas follows a number of acquisitions of mining rigs in which Genesis was involved with the Chinese ASIC manufacturer Canaan. In August, Bitcoin.com News reported on Genesis bought 20,000 ASIC miners from Kanaan and the company received the option to buy 180,000 ASIC mining rigs at a later date. Genesis states that the new company in West-Texas will offer "work opportunities" and "offer work for local contractors".

Abdumalik Mirakhmedov, the CEO and co -founder of Genesis Digital Assets, confirms that the new institution will help strengthen the local employment opportunities. "While we are continuing our fast expansion plans in the United States, we remain committed to our sustainability and our social commitment by finding ways of supplying our industrial Bitcoin mining farms with renewable energy and creating jobs for the local communities in which we work," said Mirakhmedov in a statement.

Genesis hopes to be able to manage new data centers 1.4 GW by 2023

Genesis recently signed a significant procurement deal and this year has also raised more than $ 550 million in financing. The latest Genesis financing was led by Paradigm, in which Alameda Research, Ribbit, Electric Capital, Nydig, Stoneridge, Skybridge and Kingsway Capital took part. The mining operation hopes to operate "1.4 GW of new data centers" by 2023, and to this day genesis has been maintained over 170 megawatts or 3.8 exahashes (EH/S) Dedicated hashpower for Bitcoin ( btc ) network.

"We are ahead of our mission to provide the infrastructure that drives the future of money with full force," said Andrey Kim, COO and co -founder of Genesis Digital Assets. "This new data center marks another important milestone in the implementation of our large vision."

In the meantime, a number of Bitcoin mining companies have migrated to the state of Texas, such as Bitmain, Argo-Blockchain , and EZ blockchain . Recently a series of oil producers Bitcoin mining industry to see how the two industries could work together. Texas has steadily developed into an important Bitcoin mining hub last year.