Genesis Digital Assets, a leading Bitcoin mining company, has announced the opening of three new data centers in South Carolina as part of its expansion efforts in the United States. The facilities, which became operational earlier this year, are located in the western region of the state. The first facility, situated in Anderson, was established on the site of an abandoned warehouse and has a capacity of 18 MW. The following month, two additional facilities were opened between the towns of Union and Lockhart, with a combined capacity of 15 MW.
GDA’s decision to expand in South Carolina is driven by the warm reception received from local communities, recognizing the economic opportunities it brings. Ankit Joshi, GDA’s North American head, expressed gratitude for the welcoming support received from these communities.
While the added capacity of the South Carolina facilities is relatively modest compared to GDA’s 300-MW Texas facility established in 2021, the company emphasizes its commitment to clean energy operations. The Anderson data center incorporates Hitachi dry-type distribution transformers and has the capability to return power to the grid when necessary. GDA CEO Andrey Kim stated that their objective is to showcase industry leadership and demonstrate that Bitcoin mining can be environmentally sustainable (ESG-friendly).
With the establishment of these new facilities, GDA now operates over 20 Bitcoin mining centers across North America, Europe, and Central Asia, boasting a total capacity exceeding 400 MW. This expansion comes at a time when the Bitcoin hash rate continues to rise in anticipation of the upcoming halving event expected on April 26, 2024. Additionally, mining difficulty has increased by 51% this year, reaching an all-time high, while the price of Bitcoin has surged by 78.88% during the same period.
As GDA’s South Carolina data centers contribute to the global Bitcoin mining network, the company aims to align its operations with environmental, social, and governance (ESG) principles. This development highlights their commitment to sustainable practices within the cryptocurrency industry.