Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Genesis Digital Assets leverages renewable energy to increase Bitcoin mining capacity at new Texas facility.
BITCOIN NEWS

Genesis Digital Assets leverages renewable energy to increase Bitcoin mining capacity at new Texas facility.

By Crypto FlexsApril 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Genesis Digital Assets leverages renewable energy to increase Bitcoin mining capacity at new Texas facility.
Share
Facebook Twitter LinkedIn Pinterest Email

Today, Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies by hash rate, announced that it will access 36MW of power at its Tarbush data center in West Texas, adding 1EH/s. Adapted to total hash rate capacity.

GDA, which was founded in 2013 and operates 19 mining facilities across North America, Europe and Central Asia, has signed a strategic hosting agreement with Lonestar Dream, a developer of immersion cooling systems for Bitcoin mining rigs, to operate its Tarbush operations. .

“This hosting agreement is an important milestone as we continue to expand into the West Texas region,” said Andrey Kim, CEO of GDA. Bitcoin Magazine.

This is the sixth new site in Texas that GDA has expanded to in recent years. The state’s abundance of renewable energy and flexible power grid has allowed the company to continue expanding its operations in Texas.

Tarbush is located within the ERCOT West Hub, which is well-suited for wind and solar energy production. As of the first quarter of 2023, ERCOT, which stands for Electric Reliability Council of Texas, was the region with the highest renewable energy production in the entire United States, according to S&P Global. And recently, PBS acknowledged that Texas, once a state known for its oil production, is quickly becoming a leader in renewable energy.

Renewable sources like wind and solar typically meet about 40% of Texas’ energy needs, according to ERCOT. However, in some periods it can meet up to 75% of demand.

Wind, solar and some hydro power met 75% of ERCOT’s power needs just after 2 o’clock today, a new record. Adding in nuclear power, the Texas grid was more than 80% emissions-free throughout the afternoon. And this time, the price was $0. Clean power is low-cost power. #txlege #txenergy pic.twitter.com/rtbPBWnZMA

— Doug Lewin (@douglewinenergy) March 29, 2024

“We believe that our commitment to renewable energy and utilization of the most advanced technologies in the Bitcoin mining industry enable us to engage in efficient and reliable Bitcoin mining operations,” added Kim.

For more information about GDA, visit the company website.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

ARCA is disappointed with the IPO allocation and dumps the circle sharing.

June 7, 2025
Most Popular

bitcoinjs – Transaction transfer failed (script not found for input #0)

January 10, 2024

Investors are keeping an eye on Solana and Avalanche as cash flows into the fund.

December 11, 2023

Nansen said Singaporean bank DBS is among the top 40 Ethereum holders, with $648 million in custody assets.

May 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.