GDA CEO claims the company hopes to show the world that crypto mining can be "very ESG-friendly."
Genesis Digital Assets (GDA), a prominent Bitcoin (BTC) miner, is extending its footprint in the United States by launching three new data centers in the western region of South Carolina.
In a recent announcement, GDA revealed that these centers came online in February and March.
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The first facility was opened in the town of Anderson, on the former warehouse site, with a capacity of 18 megawatts (MW). Subsequent facilities were inaugurated between the Union and Lockhart towns, boasting a 15 MW capacity.
In terms of capacity, these new centers might seem mediocre, especially when compared to the company's 300 MW facility in Texas opened in 2021. However, there's a unique environmental commitment behind these centers. GDA's CEO Andrey Kim stated:
Our goal is to be industry leaders and show the world that Bitcoin mining can be very ESG <environmental, social and governance>-friendly.
These new facilities reflect GDA's commitment to sustainability. The Anderson data center will utilize Hitachi dry-type distribution transformers, returning power to the grid when required.
The expansion in South Carolina is part of GDA's broader growth. With over 20 Bitcoin mining facilities across North America, Europe, and Central Asia, GDA's total capacity now surpasses 400 MW. The company's North American head, Ankit Joshi, acknowledged the positive response from local communities:
We were impressed to see how these local communities welcomed us so warmly as an opportunity for their economy.
Additionally, the opening of these centers comes at a time when the Bitcoin hash rate is on an upward trend. Mining difficulty has escalated to an all-time high, climbing 51% this year, while Bitcoin's price has also risen by 78.88%. At the time of writing, Bitcoin retails for $29,527.80.
Genesis Digital Assets' strategic expansion into South Carolina is more than a mere addition to its growing portfolio. It's a statement about the future of Bitcoin mining, emphasizing environmental stewardship and community integration. As the Bitcoin landscape continues to evolve, GDA's commitment to clean energy and industry leadership sets a benchmark for other players in the cryptocurrency mining space.
