Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden

Genesis Digital Property (GDA), one of many worlds largest Bitcoin miners by way of hash price, has introduced the inauguration of its new mining facility located within the northern reaches of Sweden, in accordance with a press launch despatched to Bitcoin Journal. The info heart’s capability is presently 8 megawatts (MW), with plans for additional enlargement “within the close to future,” and has been operational since June 2023.

The brand new facility is strategically situated close to the 417 MW Porjus Hydroelectric Energy Station, recognized for its carbon-free electrical energy manufacturing. GDA goals to benefit from this renewable vitality supply for its Bitcoin mining operations.

“With plentiful vitality sources, a pro-innovation setting, and a robust instructional system that ends in a fantastic tradition of innovation, we imagine that Sweden is likely one of the greatest nations on this planet the place to mine bitcoin and anticipate to additional make investments on this stunning area transferring ahead,” commented Tim Carra, Head of Nordic Operations at GDA.

GDA has collaborated with an area firm assist to supervise the day-to-day operations of the brand new facility. The ability, which was as soon as a standard information heart, marks GDA’s third enterprise in Sweden inside a three-year span, together with a greenhouse information heart pilot launched in 2020.

“Our enlargement of services within the Nordics is a testomony to our unwavering dedication to using inexperienced vitality sources,” mentioned Abdumalik Mirakhmedov, Government President and Co-Founding father of GDA. “We intention to steer the bitcoin mining trade by setting an instance for different gamers by minimizing our environmental influence.”

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