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


The corporate has 400 MW of capability unfold throughout three continents, however most of its energy is concentrated in Texas.

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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 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 positioning of an deserted warehouse. It has a capability of 18 MW. Services have been opened between the cities of Union and Lockhart the next month that had a mixed capability of 15 MW.

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

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

Time for one more WARNING! We’re NOT onboarding new clients. We are going to by no means attain out to you on social media, WhatsApp, or Telegram to promote you one thing. Do not ship your cash to faux Genesis Mining “brokers”! #genesismining

— Genesis Mining (@GenesisMining) February 21, 2023

The added capability is relatively modest in contrast, for instance, to the 300-MW facility the corporate opened in Texas in 2021.

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

“Our objective is to be trade leaders and present the world that Bitcoin mining could 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 price continues to climb in anticipation of the halving anticipated to happen on April 26, 2024. Mining issue has additionally climbed 51% this 12 months to an all-time excessive. In the meantime, the worth of Bitcoin has additionally risen 78.88% this 12 months.

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