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, gold trim early losses as yen gives up gains. Oil stays near $100

Bitcoin and gold pared early losses as the yen gave up gains and Asian stocks…

6 hours ago

China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to UK: Report

Bitcoin Magazine China Moves to Confiscate $5 Billion in Bitcoin From Fraudster Who Fled to…

15 hours ago

Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets

Bitcoin Magazine Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets Bitcoin’s price…

17 hours ago

Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch

Bitcoin Magazine Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November…

17 hours ago

Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle East in 2027

Bitcoin Magazine Robinhood Wins Dubai License to Bring Bitcoin and Stock Trading to the Middle…

18 hours ago

Matt Crosby: Bitcoin Is “Primed for a Big Move Higher”

📺 Watch Video Bitcoin Magazine Matt Crosby: Bitcoin Is “Primed for a Big Move Higher”…

20 hours ago