Genesis Digital Assets Secures 708 MW Capacity for Bitcoin Mining
Genesis Digital Assets is one of the top industrial Bitcoin miners in the U.S. and has recently acquired an extra 708 MW of working capacity with room to grow according to their press release.
The Bitcoin mining company is expecting to add 495 construction jobs in addition to 130 full-time positions for local communities in South Carolina, North Carolina, and Texas.
Notable projects secured by Genesis this year include:
- Reagan County, Texas
- Glasscock County, Texas
- Borden County, Texas
- Fort Stockton, Pecos, Texas
- Union, South Carolina
- Pacolet, South Carolina
- Anderson, South Carolina
- Rutherford, North Carolina
COO of Genesis Andrey Kim expressed how successful the company’s expansion efforts have gone so far by stating:
We’re very pleased with the pace of our U.S. expansion. Our team has worked incredibly hard to scale our capacity and while the market remains volatile, we remain more committed than ever to executing on our mission to provide the infrastructure that powers the Bitcoin network.
Varying levels of capitulation have been seen throughout the Bitcoin mining industry during the last year, although some businesses like Genesis have been able to grow their holdings despite downward market trends. Genesis has stated that it continues to look forward to creating more jobs for individuals who wish to pursue a career within the mining industry.
“Witnessing our organization grow has been incredibly fulfilling! Bitcoin mining offers access to an exciting career path with lots of potential to grow as the industry becomes larger and larger in the years ahead,” adds Global Head of HR Lydia Nyarko from Genesis.
Genesis was founded in 2013 and runs more than 20 large-scale Bitcoin mining operations. The company also reported having more than 300,000 miners that have mined more than $1 billion in Bitcoin.