Bitcoin Miner GDA Increases West Texas Operations by 50 MW
Genesis Digital Assets Limited (GDA) is expanding its bitcoin mining operations in West Texas, increasing energy capacity by 50 MW at the Pyote and Vernon sites. Key points include:
- GDA's total power capacity exceeds 600 MW.
- Executive President Abdumalik Mirakhmedov claims GDA ranks among the largest bitcoin mining companies globally.
- The Pyote site will have two new 20 MW buildings, totaling 195 MW; the Vernon site will add a 10 MW container setup, reaching 70 MW.
- Texas’ demand-response program will allow GDA to shut down rigs during peak electricity demand for compensation.
- GDA operates 20 data centers worldwide, utilizing green energy sources such as wind and hydro.
- The company is exploring synergies with emerging industries like AI to enhance mining operations.