Bitcoin mining giant Genesis Digital Assets (GDA) has taken a significant stride in its US expansion by launching three state-of-the-art data centers in South Carolina. The company, known for its substantial 400 MW capacity spread across three continents, has now ventured into the American state. They have announced setting up new facilities in the western region.
The data centers, which commenced operations in February and March, represent GDA’s commitment to sustainable mining practices and community development.
Facilities in South Carolina
The first of the three data centers was established in the town of Anderson, where an abandoned warehouse has been transformed into a 18 MW capacity center. In the following month, two more facilities were unveiled between the towns of Union and Lockhart. They boast a combined capacity of 15 MW.
These locations were carefully selected to ensure a positive economic impact on the local communities. Moreover, GDA has been pleased with the warm reception they have received from the residents.
Genesis Digital Assets has emphasized the utilization of clean energy in its South Carolina facilities. This is in line with their vision to be industry leaders in environmentally friendly Bitcoin mining. The Anderson data center utilizes Hitachi dry-type distribution transformers and has the capability to return power to the grid when required.
This further showcases their commitment to Environmental, Social, and Governance (ESG) principles.
Genesis Digital Assets CEO Andrey Kim said,
“Our goal is to show the world that Bitcoin mining can be done responsibly and in harmony with the environment.”
Expanding Global Footprint
GDA has amassed an impressive total capacity of more than 400 MW. This is with over 20 Bitcoin mining facilities already operating in North America, Europe, and Central Asia.
The new centers in South Carolina represent a strategic move to strengthen their presence in the US market while reinforcing their position as a key player in the global mining industry.
Bitcoin Hash Rate and Mining Difficulty Surge
The launch of these new facilities comes at a time of increasing anticipation in the Bitcoin mining community. The Bitcoin hash rate has been steadily climbing in preparation for the halving event expected on April 26, 2024.
Additionally, mining difficulty has experienced a remarkable 51% increase this year, reaching an all-time high. As a result, the price of Bitcoin has also surged by 78.88% during the same period. This further reflects the growing interest and demand for cryptocurrencies.
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