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
Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking
Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it…
Bitcoin Sentiment Still Close To Extreme Fear—Green Sign For Recovery?
Data shows the Bitcoin sentiment is currently not far from the extreme fear region, something…
Bitcoin and U.S. Equities Show Early Signs of Fading Correlation
Wednesday’s price action between bitcoin (BTC) and U.S. equities caught investors’ attention highlighting early signs…
Bitcoin, the Haven Crypto Bulls Hoped for, Is More a Barometer of Risk: Godbole
President Donald Trump's trade war has introduced significant volatility to financial markets since March, prompting…
Quantum Computing Group Offers 1 BTC to Whoever Breaks Bitcoin’s Cryptographic Key
Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a…
Bitcoin’s Futures Sentiment Weakens, Is The Ongoing Recovery Running Out of Steam?
Bitcoin’s upward momentum appears to be slowing down following a recovery phase earlier this week.…