Genesis Digital Assets, one of largest Bitcoin mining companies worldwide in terms of its hashrate, announced today that it would gain access to the Tarbush Data Center in West Texas. This will add 1 EH/s of capacity to the total of the company’s hash rate.
GDAThe Tarbush mining operation will be run by Lonestar Dream (developer of immersion cooling devices for bitcoin mining).
“This hosting agreement is an important milestone for us as we continue expansion in the West Texas region,” Andrey Kim is the CEO of GDA. He shared a release with Bitcoin Magazine.
GDA is expanding in Texas six times in the last few years. Texas’s flexible grid and abundance of renewable energies have encouraged the company to expand in Texas.
Tarbush lies within the ERCOT West Hub has a good wind and solar energy producing area. According to the US Department of Energy, ERCOT (the Electric Reliability Council of Texas) was the leading region in the US for producing renewable energy as of Q1 of 2023. S&P Global. And PBS Texas is rapidly becoming the leader in renewable energies.
The following is a list of ERCOTRenewable resources such as wind and solar power in Texas normally provide 40% of energy. They can, however, meet up to 75% of demand during certain periods.
Today, ERCOT met its power needs with renewable energy sources like wind and solar. Hydropower was also used in a very small quantity. This is a record. With nuclear, the Texas grid remained emissions free for much of the day. Again, the prices were zero dollars. The cost of clean energy is very low. #txlege #txenergy pic.twitter.com/rtbPBWnZMA
— Doug Lewin (@douglewinenergy) March 29, 2024
“We believe that our commitment to renewable energy and utilization of some of the most advanced technology in the bitcoin mining industry empowers us to engage in efficient and reliable bitcoin mining operations,” Kim added.
Visit the GDA website for more details. website.
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Source: bitcoinmagazine.com