Genesis Digital Assets launches three new bitcoin mining data centers in South Carolina

Quick Take

  • Genesis Digital Assets, also known as GDA, has launched three new data centers for bitcoin mining in western South Carolina.

Bitcoin mining company Genesis Digital Assets, also known as GDA, has added three new data centers for bitcoin mining in western South Carolina. 

The move is part of a broader data center expansion across the United States, as the nation now contributes 2% of the Bitcoin network total hash rate. GDA also intends to use South Carolina's renewable energy to power its new data centers. One facility near Anderson will use dry-type distribution transformers and have a total capacity of 18 MW. Another near Pacolet will be run on hydroelectric energy.

"The opening of these new data centers is perfectly in line with our commitment to expand our fleet on clean energy resources," said GDA CEO Andrey Kim in a statement. "Our goal is to be industry leaders and show the world that Bitcoin mining can be very ESG-friendly.”

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

GDA is a large scale crypto mining firm with 20 mining farms across North America, Europe and central Asia, surpassing 400 MW in total power capacity, according to a company release.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

To contact the editor of this story:
Tim Copeland at
[email protected]