Genesis Digital Assets, a leading Bitcoin miner, has recently announced the launch of three new data centers in South Carolina. These facilities have been operational since February and March of this year. Located in the western part of the state, the first data center was opened in the town of Anderson on the premises of an abandoned warehouse. With an impressive capacity of 18 megawatts (MW), the center sets the stage for Genesis Digital Assets’ expansion in the United States.
Shortly after, the company opened two more facilities in the towns of Union and Lockhart, both of which have a combined capacity of 15 MW. This investment in South Carolina demonstrates Genesis Digital Assets’ commitment to increasing its mining capabilities and advancing the crypto industry in North America.
Genesis Digital Assets has taken measures to ensure that the newly launched data centers run on clean energy. For instance, the Anderson data center utilizes Hitachi dry-type distribution transformers and has the ability to return power to the grid when required. By leveraging environmentally friendly technology, Genesis Digital Assets aims to establish itself as an industry leader in terms of environmental, social, and governance (ESG) practices.
Ankit Joshi, the North American head of Genesis Digital Assets, expressed gratitude for the warm reception from the local communities in South Carolina. He emphasized the positive impact the company’s presence could have on the local economies, highlighting the potential for job creation and economic growth.
It is worth noting that the South Carolina facilities represent an incremental capacity compared to Genesis Digital Assets’ 300 MW facility in Texas, which was opened in 2021. However, the company’s cumulative capacity across North America, Europe, and Central Asia now exceeds 400 MW, thanks to the addition of these new data centers.
The timing of Genesis Digital Assets’ expansion aligns with the ongoing growth and anticipation in the Bitcoin mining sector. As the hash rate continues to climb, mining difficulty has also experienced a significant increase of 51% this year, reaching an all-time high. Moreover, Bitcoin’s price has surged by 78.88% in the same period. Genesis Digital Assets is strategically positioning itself to capitalize on these favorable market conditions and establish a strong presence in the mining industry.
Genesis Digital Assets’ commitment to sustainability and ESG practices is indeed commendable. As the crypto industry faces scrutiny over its environmental impact, the company’s emphasis on clean energy and responsible mining sets a positive example for others in the industry to follow. By prioritizing sustainability, Genesis Digital Assets aims to dispel any concerns about the environmental footprint of Bitcoin mining and showcase that it can be done in an environmentally friendly manner.
With its successful track record of building over 20 Bitcoin mining facilities worldwide, Genesis Digital Assets remains at the forefront of the industry. By onboarding clients from North America, Europe, and Central Asia, the company continues to strengthen its position as a leading Bitcoin miner. As it ventures further into the United States with the launch of these South Carolina data centers, Genesis Digital Assets is well-positioned to support the growth of the crypto industry and contribute positively to local economies.