Bitcoin mining company Genesis Digital Assets is expanding a 50 megawatt mine in Texas
According to CoinDesk, the private Bitcoin mining company Genesis Digital Assets Limited (GDA) is expanding its Bitcoin mining operations in West Texas, adding 50 megawatts of power capacity at two mines in Pyote and Vernon. The expansion includes the addition of two 20-megawatt buildings at the Pyote mine, bringing its total capacity to 195 megawatts; and a new 10-megawatt container facility at the Vernon mine, bringing its total capacity to 70 megawatts.
According to GDA's website, the Pyote mine can be expanded up to 370 megawatts. GDA currently has over 600 megawatts of total power capacity worldwide and operates 20 data centers located in places such as Texas, South Carolina, Sweden and Argentina. Company CEO Abdumalik Mirakhmedov stated that GDA is "one of the largest Bitcoin mining companies in terms of global computing power". The company will participate in Texas' demand response program by shutting down miners during peak electricity demand periods for compensation.
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