Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden

Genesis Digital Assets (GDA), one of the worlds largest Bitcoin miners in terms of hash rate, has announced the inauguration of its new mining facility situated in the northern reaches of Sweden, according to a press release sent to Bitcoin Magazine. The data center’s capacity is currently 8 megawatts (MW), with plans for further expansion¬†“in the near future,”¬†and has been operational since June 2023.

The new facility is strategically located near the 417 MW Porjus Hydroelectric Power Station, known for its carbon-free electricity production. GDA aims to take advantage of this renewable energy source for its Bitcoin mining operations.

Source link