Genesis Digital Belongings opens three new amenities in South Carolina in US growth

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Bitcoin miner Genesis Digital Belongings (GDA) introduced on Aug. 1 that it has launched three new knowledge facilities within the U.S. 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 location of an deserted warehouse. It has a capability of 18 MW. Amenities had been opened between the cities of Union and Lockhart the next month that had a mixed capability of 15 MW.

Genesis Digital Belongings in South Carolina. Supply: Genesis Digital Belongings

The corporate said in an announcement 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 slightly modest in contrast, for instance, to the 300-MW facility the company opened in Texas in 2021.

GDA emphasised that the amenities will run on clear vitality. The Anderson knowledge 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 trade leaders and present the world that Bitcoin mining will 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 value of Bitcoin has additionally risen 78.88% this yr.

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