3 years ago
Genesis Digital Assets, a privately held industrial-scale bitcoin miner, plans to commencement a caller self-hosted bitcoin mining information halfway successful Sweden which is expected to person up to 100 megawatts of powerfulness capacity.
The vigor premix astatine the installation successful Sweden volition beryllium 54.5% hydro, 42.8% atomic and 2.7% upwind powered, a institution spokesperson told CoinDesk.
“This latest enlargement aligns with GDA's absorption to place ways to powerfulness our facilities with cleanable vigor portion besides creating jobs for the section economy,” said Tim Liepold, Head of Power astatine Genesis Digital Assets.
In September, Genesis raised $431 million to grow its bitcoin mining operations successful North America and the Nordic portion successful a circular led by Paradigm Ventures. That’s connected apical of the $125 cardinal the miner raised successful July, led by Kingsway Capital.
In November, Genesis said that it is gathering a caller self-hosted bitcoin mining information halfway successful West Texas with 300 megawatt of capacity.
Genesis Digital Assets is antithetic from Genesis, the crypto lending steadfast owned by CoinDesk genitor institution Digital Currency Group.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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