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Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables


by Bitcoin Magazine
Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables

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Genesis Digital Assets (GDA), one of the world's largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA's commitment to Texas as a mining hub, leveraging the state's renewable energy and pro-innovation policies.

GDA's Rowdy Data Center in Vernon is currently operational at 60 MW, supported by the Oklaunion Substation. The site benefits from substantial local wind power and is located near Vernon city in Wilbarger County.

The data centre utilizes grid power with renewable energy sources for its operations. "GDA's business is a natural fit for the Oklaunion Power Station," said Tom Walker, Chairman of OPS Board. "This project clearly demonstrates that Bitcoin mining creates entirely new dynamics for the energy industry."

The Rowdy Data Center repurposes the retired Oklaunion Power Station, bringing back dozens of jobs lost when the plant closed in 2020. So far, GDA's operations have generated 12 permanent and 150 construction jobs.

"Texas has emerged as a leading hub for local support and renewable energy sources, and the Rowdy data centre is a particularly important location for our operations," said GDA CEO Andrey Kim.

The company aims to bolster the Bitcoin network's robustness and security by scaling and innovating mining infrastructure and utilizing renewable energy sources.

Read the article at Bitcoin Magazine

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$ 0.000161


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Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables


by Bitcoin Magazine
Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables

Share:

Genesis Digital Assets (GDA), one of the world's largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA's commitment to Texas as a mining hub, leveraging the state's renewable energy and pro-innovation policies.

GDA's Rowdy Data Center in Vernon is currently operational at 60 MW, supported by the Oklaunion Substation. The site benefits from substantial local wind power and is located near Vernon city in Wilbarger County.

The data centre utilizes grid power with renewable energy sources for its operations. "GDA's business is a natural fit for the Oklaunion Power Station," said Tom Walker, Chairman of OPS Board. "This project clearly demonstrates that Bitcoin mining creates entirely new dynamics for the energy industry."

The Rowdy Data Center repurposes the retired Oklaunion Power Station, bringing back dozens of jobs lost when the plant closed in 2020. So far, GDA's operations have generated 12 permanent and 150 construction jobs.

"Texas has emerged as a leading hub for local support and renewable energy sources, and the Rowdy data centre is a particularly important location for our operations," said GDA CEO Andrey Kim.

The company aims to bolster the Bitcoin network's robustness and security by scaling and innovating mining infrastructure and utilizing renewable energy sources.

Read the article at Bitcoin Magazine

In This News

Coins

$ 90.86K

-2.30%

$ 0.00...361

$ 0.00...308

$ 0.000161


Share:

In This News

Coins

$ 90.86K

-2.30%

$ 0.00...361

$ 0.00...308

$ 0.000161


Share:

Read More

Why are gold stocks pushing higher and what comes next?

Why are gold stocks pushing higher and what comes next?

Gold stocks are inching “meaningfully” higher this week as the underlying commodity (...
Bitcoin Hash Rate Slips Below 1 ZH/s as Miners Face Growing Profitability Pressure

Bitcoin Hash Rate Slips Below 1 ZH/s as Miners Face Growing Profitability Pressure

Bitcoin miners face profitability headwinds as network hash rate declines and difficu...