Texas: Genesis Digital Assets expands data center footprint in West Texas

Nov 03, 2021 | Posted by MadalineDunn

Genesis Digital Assets, a U.S.-based Bitcoin (BTC) mining firm, has announced that it is expanding its data center footprint in Texas. The facility will be industrial-scale with a capacity of 300MW.

According to reports, the facility will also have sustainability at its core, with “sustainable infrastructure,” as well as high efficiency, with a low carbon footprint. This will be achieved by utilising energy from ERCOT, which has 42% of its energy derived from wind and solar power as of April 2021.

Speaking about what the new facility means, Abdumalik Mirakhmedov, Executive Chairman and co-founder of Genesis Digital Assets, said: "As we continue our rapid expansion plans in the United States, we remain committed to our sustainability and social commitments, by identifying ways to power our industrial-scale bitcoin mining farms with renewable energy and create job opportunities for the local communities in which we operate."

Meanwhile, Andrey Kim, COO and co-founder of Genesis Digital Assets, added: "We're full speed ahead on our mission to provide the infrastructure that will power the future of money. This new data center marks another key milestone as we work towards executing on our big picture vision.”

At present, Genesis dominates the US Bitcoin mining market in the U.S. Since its launch in 2013, over $1 billion has been mined by the company. 

By 2023 the company expected to run “1.4 GW of new data centers by 2023.”