Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations successful West Texas with a 50-megawatt (MW) energization summation crossed its Pyote and Vernon sites.

GDA is simply a backstage institution with offices successful the United Arab Emirates and the United States, with a full powerfulness capableness of implicit 600 MW. While the institution refused to disclose its full hashrate, GDA Executive President Abdumalik Mirakhmedov claimed it to beryllium “one of the largest bitcoin mining companies successful the satellite successful presumption of this metric.”

For comparison, Bitdeer (BTDR) 1 of the biggest nationalist bitcoin mining companies successful presumption of infrastructure, has astir 900 MW worthy of capacity, portion heavyweights MARA Holdings (MARA) and Riot Platforms (RIOT) person much than 1 gigawatt (GW) each.

GDA's caller deployment includes 2 20 MW buildings astatine the Pyote site, bringing it to 195 MW, and a 10 MW instrumentality setup astatine the Vernon site, bringing it to 70 MW. The Pyote tract tin beryllium expanded up to 370 MW, according to GDA’s website.

The bitcoin mining steadfast volition beryllium taking vantage of Texas’ demand-response program, meaning that the mining cognition volition crook disconnected its rigs during peaks successful energy demand, and beryllium compensated for it.

GDA operates 20 information centers crossed aggregate jurisdictions, including Texas, South Carolina, Sweden and Argentina. A fig of these centers rely connected greenish energy, including wind, hydro, atomic and flared gas.

“Bitcoin mining is GDA’s halfway business. The institution is presently exploring synergies with different emergent industries, including AI, to heighten and grow its mining operations,” Mirakhmedov told CoinDesk.

Read more: Genesis Digital Assets Plans 100% Clean Energy Mining Center successful Sweden

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