New Bitcoin Texas mining centre by the Genesis Digital Assets will have a 300 megawatts capacity.
The great U.S Based Bitcoin Mining firm Genesis Digital Assets is structuring new data centres in West Texas. On Nov 1st, the firm announced the new commercial-scale BTC mining data centre will have a 300 megawatts capacity. It will function by using the undefined “sustainable infrastructure”. Additionally, The energy will be sourced from the Electric Reliability Council of Texas (ERCOT).
Moreover, Genesis Co-founder and executive chairman Abdumalik Mirakhmedov stressed that “sustainability” is the main part of the organization’s plan for rapid growth. ERCOT is supplying more than 26 million people in Texas.
Genesis Digital Assets is one of the largest bitcoin miners in the U.S. The firm has estimated to extract more than $1 billion worth of the BTC since its launch. In October 2021, Genesis Data centres described the functional capacity exceeding 170 megawatts. Also, Genesis estimates it represented 2.4% of the Bitcoin network’s total hashing power during September.
Genesis Digital Assets is making a new data centre in West Texas. It has raised a total of $556 million from the two separate funding in 2021 to feed its expansion plans.
In September, the firm secured $431 million to expand its Northern European and U.S operations in a round of the funding led by the exemplar.