BODEN, Sweden, March 3, 2022 (GLOBE NEWSWIRE) – Genesis Digital Assets, one of the largest Bitcoin mining companies on an industrial scale in the world, today announced a new own Bitcoin mining data center in Sweden.
The new data center expects to have up to 100 MW megawatts online by 2024. The energy used by the new farm comes from 100% clean energy sources.
Tim Liepold, Head of Power at Genesis Digital Assets, comments on the new data center: “This latest expansion is in line with the GDA’s focus on identifying ways to operate our clean energy facilities while creating jobs for the local economy. We is pleased to see this project begin and looks forward to expanding this water-powered data center in the future. “
This latest announcement comes after a slew of latest company news. In 2021, Genesis Digital Assets announced one of the largest procurement deals in the industry’s history and more than $ 550 million was raised with the latest round led by Paradigm with the participation of NYDIG, Stoneridge, Alameda Research, Ribbit, Electric Capital, Skybridge, and Kingsway Capital.
“We are on a mission to provide the infrastructure that will drive the revolution of open source monetary systems, and this data center marks another important milestone as we work to implement our overall vision,” said Liepold.
About Genesis Digital Assets
Genesis Digital Assets is one of the world’s largest and most experienced Bitcoin mining companies. Since 2013, the founders of the company have built over 20 mines on an industrial scale, taken over 300,000 miners online and mined over $ 1 billion in Bitcoin. Learn more at genesisdigitalalassets.com.
Figure 1: GDA Drone
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