Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden

Genesis Digital Property (GDA), one of many worlds largest Bitcoin miners when it comes to hash charge, has introduced the inauguration of its new mining facility located within the northern reaches of Sweden, in response to a press launch despatched to Bitcoin Journal. The info heart’s capability is at present 8 megawatts (MW), with plans for additional growth “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 make the most of this renewable power supply for its Bitcoin mining operations.

“With plentiful power sources, a pro-innovation surroundings, and a robust instructional system that ends in an amazing tradition of innovation, we consider that Sweden is without doubt one of the greatest nations on the 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 a neighborhood firm assist to supervise the day-to-day operations of the brand new facility. The ability, which was as soon as a standard knowledge heart, marks GDA’s third enterprise in Sweden inside a three-year span, together with a greenhouse knowledge heart pilot launched in 2020.

“Our growth of amenities within the Nordics is a testomony to our unwavering dedication to using inexperienced power 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.”