Genesis Digital Assets (GDA), a major player in bitcoin mining, has revealed plans to ramp up its operations at a new Texas facility. This move will increase its hash rate capacity by 1 EH/s, thanks to access to 36 MW of power from the Tarbush data center in West Texas.

Established in 2013, GDA operates numerous mining facilities worldwide. In collaboration with Lonestar Dream, developer of cooling systems for bitcoin mining, GDA will run the Tarbush operation, marking a significant step in its expansion in the West Texas area.

Texas has emerged as a prime location for GDA's expansion due to its abundant renewable energy resources and a flexible power grid. This latest facility marks GDA's sixth site in Texas, with the state boasting top-notch conditions for wind and solar energy production, particularly in the ERCOT West Hub where Tarbush is situated.

ERCOT, renowned for its renewable energy generation, underscores Texas's transition to a renewable energy leader, as recognized by PBS. The region typically meets 40% of its energy demand through renewables, rising to 75% during peak periods.

CEO Andrey Kim emphasized GDA's commitment to renewable energy and cutting-edge technology, asserting that it facilitates efficient and reliable bitcoin mining operations. This strategic move aligns with GDA's vision for sustainable growth in the industry.

In conclusion, Genesis Digital Assets' partnership with Tarbush signals a forward-thinking approach to bitcoin mining, leveraging renewable energy in the heart of Texas to drive innovation and sustainability in the industry.