Bitcoin miner, Genesis Digital Assets, secured 708 megawatts (MW) of power capacity for mining in the first six months of the year.
- The miner said in a Wednesday press release the power capacity is spread across sites in west Texas, as well as North and South Carolina.
- Privately held Genesis Digital Assets is separate entity from Genesis Trading, the crypto lending firm owned by CoinDesk's parent company, Digital Currency Group.
- The New York-based company didn't specify at what stages of development the different sites are or when they will be ready to start operating. It had not responded to CoinDesk's request for comment by the time of publication.
- Bitcoin mining sites can take months to complete.
- Prior to the new sites, the miner had contracted for 100MW in Sweden, 300MW in Texas and an undisclosed amount in South Carolina, according to its website.
UPDATE (Aug. 24, 2022, 15:30 UTC): Updates headline, first sentence and second bullet to clarify distinction between Genesis Digital and Genesis Trading.
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