American mining company Genesis Digital Assets announced the start of construction of a new Bitcoin mining center in West Texas, United States, with a capacity of 300 MW.
40% of the planned output will be supplied by the Electric Reliability Council of Texas from wind- and solar-generated electricity.
“We are committed to ESG obligations as we continue the expansion,” — said the co-founder and CEO Abdumalik Mirahmedov.
Currently, Genesis Digital Assets’ hashrate stands at 3.8 EH/s. The company aims to increase this to 9.4 EH/s over the next 12 months and to raise installed capacity to 1.5 GW by the end of 2023.
In September, Genesis Digital Assets raised $431 million.
Earlier the firm struck a strategic partnership with Chinese mining equipment manufacturer Canaan. Under the agreement for $94 million to purchase Bitcoin mining devices.
In June, the company expanded its cooperation and signed a contract to supply 10,000 miners.
In August, Genesis Digital Assets ordered 20,000 units of equipment from Canaan and obtained an option to acquire a further 180,000 miners.
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