Genesis Digital Assets Leverages Renewables to Increase Bitcoin Mining Capacity at New Texas Facility

Today, 1 of the largest bitcoin mining companies successful the satellite successful presumption of hash rate, Genesis Digital Assets (GDA), announced that it volition summation entree to 36 MW of powerfulness from the Tarbush information halfway successful West Texas, adding 1 EH/s to its full hash complaint capacity.

GDA, which was founded successful 2013 and operates 19 mining facilities crossed North America, Europe and Central Asia, has entered into a strategical hosting statement with Lonestar Dream, developer of immersion cooling systems for bitcoin mining devices, to tally the Tarbush operation.

“This hosting statement is an important milestone for america arsenic we proceed enlargement successful the West Texas region,” said Andrey Kim, CEO of GDA successful a property merchandise shared with Bitcoin Magazine.

This is the 6th caller tract successful Texas into which GDA has expanded successful caller years. The state’s abundance of renewable vigor and its flexible powerfulness grid person prompted the institution to proceed expanding successful Texas.

Tarbush is located wrong the ERCOT West Hub, which is well-suited for upwind and star vigor production. As of Q1 2023, ERCOT, which stands for the Electric Reliability Council of Texas, was the apical portion for renewable vigor procreation output crossed the US, according to S&P Global. And PBS precocious acknowledged that Texas, a authorities erstwhile good known for its lipid production, is rapidly becoming a person successful renewable energy.

According to ERCOT, renewable resources similar upwind and star usually conscionable astir 40% of the vigor request successful Texas. During immoderate periods, though, they tin conscionable arsenic overmuch arsenic 75% of the demand.

“We judge that our committedness to renewable vigor and utilization of immoderate of the astir precocious exertion successful the bitcoin mining manufacture empowers america to prosecute successful businesslike and reliable bitcoin mining operations,” Kim added.

For much accusation connected GDA, sojourn the company’s website.