Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites.
GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of over 600 MW. While the company refused to disclose its total hashrate, GDA Executive President Abdumalik Mirakhmedov claimed it to be “one of the largest bitcoin mining companies in the world in terms of this metric.”
For comparison, Bitdeer (BTDR) one of the biggest public bitcoin mining companies in terms of infrastructure, has almost 900 MW worth of capacity, while heavyweights MARA Holdings (MARA) and Riot Platforms (RIOT) have more than 1 gigawatt (GW) each.
GDA’s new deployment includes two 20 MW buildings at the Pyote site, bringing it to 195 MW, and a 10 MW container setup at the Vernon site, bringing it to 70 MW. The Pyote site…
