Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low carbon footprint.”
Genesis Announces New Bitcoin Mining Facility With 300 Megawatts of Capacity
The mining firm Genesis Digital Assets has announced the launch of a new bitcoin mining facility that will be located in West Texas. The Genesis data center will get energy from the Electric Reliability Council of Texas (ERCOT). The entity ERCOT is a large power supplier in Texas and statistics say the firm supplies 90 percent of the state’s electric load. Genesis stresses that the new data center with 300 megawatts will showcase “sustainable infrastructure, high efficiency, and a low carbon footprint.”
The Texas facility announcement follows a slew of mining rig acquisitions Genesis took part in with the Chinese ASIC manufacturer Canaan. In August, Bitcoin.com News reported on Genesis buying 20,000 ASIC miners from Canaan and the firm was given the option to acquire 180,000 ASIC mining rigs at a later date. Genesis details that the new operation in West Texas will “create job opportunities” and provide “work for local contractors.”
Abdumalik Mirakhmedov, the executive chairman and co-founder of Genesis Digital Assets, confirms that the new facility will help bolster local employment opportunities. “As we continue our rapid expansion plans in the United States, we remain committed to our sustainability and social commitments, by identifying ways to power our industrial-scale bitcoin mining farms with renewable energy and create job opportunities for the local communities in which we operate,” Mirakhmedov said in a statement.