Categories: Bitcoin Latest News

Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables

Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA’s commitment to Texas as a mining hub, leveraging the state’s renewable energy and pro-innovation policies.

GDA’s Rowdy Data Center in Vernon is currently operational at 60 MW, supported by the Oklaunion Substation. The site benefits from substantial local wind power and is located near Vernon city in Wilbarger County.

The data centre utilizes grid power with renewable energy sources for its operations. “GDA’s business is a natural fit for the Oklaunion Power Station,” said Tom Walker, Chairman of OPS Board. “This project clearly demonstrates that Bitcoin mining creates entirely new dynamics for the energy industry.”

The Rowdy Data Center repurposes the retired Oklaunion Power Station, bringing back dozens of jobs lost when the plant closed in 2020. So far, GDA’s operations have generated 12 permanent and 150 construction jobs.

“Texas has emerged as a leading hub for local support and renewable energy sources, and the Rowdy data centre is a particularly important location for our operations,” said GDA CEO Andrey Kim.

The company aims to bolster the Bitcoin network’s robustness and security by scaling and innovating mining infrastructure and utilizing renewable energy sources.

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

Bitcoin nears $80,000, but analysts say the next pullback will be key

Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up…

22 minutes ago

Strive Stock Soars After 1,110 Bitcoin Buy

Bitcoin Magazine Strive Stock Soars After 1,110 Bitcoin Buy  Strive, Inc. bought 1,110 bitcoin last…

22 minutes ago

Bitcoin Traders Watch Jackson Hole As Kevin Warsh Prepares First Fed Keynote

Bitcoin traders are turning their attention to Jackson Hole, where Federal Reserve Chair Kevin Warsh…

2 hours ago

Bitcoin Rally Accelerates, With $80,000 in Sight After ETFs Have Stellar Week

Bitcoin Magazine Bitcoin Rally Accelerates, With $80,000 in Sight After ETFs Have Stellar Week  Bitcoin’s…

3 hours ago

PrimeXBT: Is this the start of a Bitcoin bull run? A 2022 signal appeared before the rally

A weekly momentum divergence formed on the Bitcoin chart ahead of last week’s advance, and…

4 hours ago

Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve

Bitcoin Magazine Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve  Bitcoin treasury…

5 hours ago