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Date: 2025-02-26 11:02:21
Genesis Digital Assets Limited (GDA) is amplifying its bitcoin (BTC) mining activities in West Texas through a 50-megawatt (MW) power boost across its Pyote and Vernon locations.
GDA is a privately held organization with branches in the United Arab Emirates and the United States, boasting a total power capacity exceeding 600 MW. Although the company declined to reveal its total hashrate, GDA Executive President Abdumalik Mirakhmedov asserted that it ranks among "the largest bitcoin mining companies globally in terms of this measure."
In comparison, Bitdeer (BTDR), one of the leading public bitcoin mining companies concerning infrastructure, possesses nearly 900 MW of capacity, while prominent players MARA Holdings (MARA) and Riot Platforms (RIOT) each have over 1 gigawatt (GW).
GDA's latest installation encompasses two 20 MW buildings at the Pyote location, raising it to 195 MW, and a 10 MW container arrangement at the Vernon location, bringing it to 70 MW. According to GDA's website, the Pyote location can be extended up to 370 MW.
The bitcoin mining enterprise will capitalize on Texas' demand-response program, which entails shutting down mining rigs during electricity demand peaks and receiving compensation for doing so.
GDA manages 20 data centers across various regions, including Texas, South Carolina, Sweden, and Argentina. Several of these centers depend on renewable energy sources, such as wind, hydro, nuclear, and flared gas.
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"Bitcoin mining constitutes GDA's primary business. The company is presently investigating potential collaborations with other burgeoning industries, such as AI, to improve and broaden its mining operations," Mirakhmedov informed CoinDesk.
Disclaimer: Certain sections of this article were produced with AI tools' assistance and evaluated by our editorial staff to confirm accuracy and compliance with our benchmarks. For more details, please refer to CoinDesk's comprehensive AI Policy.
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