Genesis Digital Assets (GDA), a dominant player in the Bitcoin mining industry, has made a significant move by announcing the opening of three new data centers in the Western region of South Carolina. This strategic expansion aims to solidify GDA’s presence in the United States, as the company currently contributes 2% of the total hash rate of the Bitcoin network. The first data center, located near Anderson, SC, has been operational since February 2023, boasting an impressive 18 MW capacity. Subsequently, in March 2023, the other two facilities, with a combined capacity of 15 MW, commenced operations between the towns of Union and Lockhart. GDA’s decision to establish these data centers in South Carolina was driven by the state’s abundance of clean energy sources, aligning with the company’s commitment to incorporating ESG-friendly practices into its operations. Notably, these new centers have not only brought economic growth to the local communities but have also created approximately 150 jobs, with a strong emphasis on hiring local contractors. The opening of these data centers represents GDA’s determination to lead the industry and showcase the compatibility of Bitcoin mining with clean energy resources.
Genesis Digital Assets announces opening of three new data centers in South Carolina’s Western region
Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has made a significant announcement regarding their expansion within the United States. The company is opening three new data centers in South Carolina’s Western region, further solidifying their presence in the country. Currently, GDA accounts for 2% of the total hash rate of the Bitcoin network, and this expansion is a strategic move to establish a stronger foothold in the industry.
Expansion in the United States
The decision to expand in the United States showcases GDA’s commitment to growing and adapting to the evolving Bitcoin mining landscape. By establishing data centers within the country, GDA aims to leverage the benefits of operating in a jurisdiction that supports and embraces innovative technologies like blockchain and cryptocurrencies.
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Data centers in Anderson, Union, and Lockhart
GDA has strategically chosen three locations in South Carolina for their new data centers – Anderson, Union, and Lockhart. The first facility, located near the town of Anderson, commenced operations in February 2023 and boasts a total capacity of 18 MW. In March 2023, the other two facilities situated between the towns of Union and Lockhart also became operational, with a combined capacity of 15 MW.
Construction and local job creation
The construction of these data centers has not only brought forth advanced infrastructure but has also contributed to local job creation in South Carolina. The Anderson data center, repurposed from an abandoned textile warehouse, was constructed using North American-built infrastructure equipment. Moreover, approximately 95% of the personnel involved in constructing the Union and Lockhart facilities were hired locally within South Carolina. This has fostered economic growth in the region and created nearly 150 jobs, with 125 of these positions being filled by local contractors instrumental in setting up the data centers.
Choice of South Carolina as the location
The selection of South Carolina as the location for these data centers was a well-considered decision. The state’s abundance of clean energy sources played a significant role in this choice. By situating one of the data centers near the town of Pacolet, GDA takes advantage of its proximity to two hydroelectric generation plants operated by Lockhart Power, a major renewable and clean energy supplier in the region. Furthermore, the Anderson data center is equipped with Hitachi’s environment-friendly dry type distribution transformers. This center will also serve as a vital resource for Duke Energy, helping strengthen the local energy grid by returning excess power when needed.
Clean energy sources in South Carolina
South Carolina boasts a variety of clean energy sources that contribute to the state’s sustainability efforts. The presence of hydroelectric generation plants and other renewable energy suppliers provides GDA with the opportunity to operate their data centers using clean energy. This aligns with GDA’s commitment to utilizing clean energy resources and minimizing their environmental footprint.
Partnerships with Lockhart Power and Duke Energy
To ensure a steady supply of clean energy, GDA has established partnerships with Lockhart Power and Duke Energy. These collaborations enable GDA to leverage the renewable energy infrastructure already in place and ensure a sustainable and reliable power source for their data centers. By working with major energy players in the region, GDA can contribute to the growth of clean energy initiatives while simultaneously supporting their own operations.
Commitment to clean energy resources
By opening data centers in South Carolina and establishing partnerships with renewable energy providers, GDA demonstrates a steadfast commitment to utilizing clean energy resources. This aligns with their long-term goal of being industry leaders in operating ESG-friendly Bitcoin mining facilities. GDA aims to showcase to the world that Bitcoin mining, often criticized for its energy consumption, can be conducted responsibly and sustainably.
ESG-friendly Bitcoin mining
GDA’s focus on clean energy resources and sustainability sets them apart in the Bitcoin mining industry. Their commitment to ESG-friendly practices aims to mitigate the environmental impact typically associated with cryptocurrency mining. By leveraging renewable energy sources and implementing energy-efficient technologies, GDA’s data centers can operate in an environmentally conscious manner, reducing their carbon footprint.
Conclusion
The opening of three new data centers in South Carolina’s Western region marks an important milestone for Genesis Digital Assets. This expansion within the United States showcases their dedication to the Bitcoin mining industry and their commitment to operating in an environmentally responsible manner. By choosing South Carolina as their location and establishing partnerships with renewable energy providers, GDA sets a standard for clean energy utilization within the cryptocurrency sector. As GDA continues to grow and innovate, they aim to lead the industry in ESG-friendly Bitcoin mining practices and inspire others to follow suit.
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