Genesis Digital Assets, a bitcoin mining company, announced this week that they have secured 708 megawatts (MW), in total and plans to add 130 new jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the pace” of the bitcoin mining company’s U.S. expansion.
Genesis Digital Assets U.S. The Expansion of 708 MW of Electricity
On Wednesday, Genesis Digital Assets revealed it has acquired 708 MW of capacity as the firm’s U.S. expansion continues. Genesis currently mines Bitcoin in three Texas locations, one in North Carolina and four in South Carolina. Genesis obtained 708 MW in the Texas, South Carolina and North Carolina regions during the first half 2022.
According to the company, the expansion will result in 130 new full-time positions and approximately 495 local construction jobs. “Every day, we are given a chance to create meaningful and lasting relationships by creating job opportunities for the local communities in which we operate,” Genesis’ global head of human resources Lydia Nyarko explained during the announcement on Wednesday. “Remaining intentional and impactful is incredibly important to GDA as we expand our candidate placement.” The Genesis Digital Assets executive added:
It has been amazing to see our company grow. Bitcoin mining is an attractive career option that offers a lot of growth potential as the industry grows over the coming years.
Bitcoin Mining Operations continue to expand amid volatile bear market
Genesis had announced plans to build new mining centres before securing additional wattage in H1 2022. The bitcoin mining company also acquired thousands of Canaan bitcoin miners last year. As far as 2022’s American expansion is concerned, Genesis COO Andrey Kim said the mining firm is satisfied with the speed of U.S growth. Kim also noted, as many others this year in bitcoin mining operations, that the crypto market remains explosive.
“We’re very pleased with the pace of our U.S. expansion,” the Genesis COO said in a statement on Wednesday. “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,” Kim added.
Other than Genesis, several other mining companies have also been purchasing and expanding their mining operations during this downturn. Cleanspark, the bitcoin miner announced that it has acquired an infrastructure with 86 megawatts of power. Last month, it also bought thousands of miners at a discounted price. Cipher Mining, a Texas-based mining company, completed its 40MW Alborz facility, while Kryptovault AS, a Norwegian miner, announced that it would be moving north to receive lower electricity rates.
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