Amidst momentum in global expansion, GDA’s strategic growth in the state adds capacity that leverages renewable energy and a flexible power grid.
Houston, TX 04/03/2024 – Genesis Digital Assets Limited (“GDA”), one of the world’s largest bitcoin mining companies in terms of hash rate, is pleased to announce a strategic hosting arrangement entered into with Lonestar Dream, Inc (“Lonestar Dream”). The hosting arrangement provides that GDA will have access to approximately 36 MW of total power capacity at the data center known as Tarbush in West Texas. In partnership with Lonestar Dream, GDA has added approximately 1 EH/s to its total hashrate capacity.
This site marks GDA’s 6th facility in Texas in the last few years. Texas’ wealth of renewable energy and a flexible power grid has played a pivotal role in the company’s strategic decision to further invest in capacity in Texas.
The Tarbush data center is situated within the ERCOT West Hub, a major hub for renewable energy production in Texas. According to ERCOT, as of January 2024, the total installed renewable capacity in Texas is 55GW and record renewable generation is 35GW, of which the majority of the capacity is located in the ERCOT West Hub. With an array of wind, solar, and other renewable energy sources, the West Hub is well-suited for wind energy production, benefiting from nearby wind farms.
“This hosting agreement is an important milestone for us as we continue expansion in the West Texas region,” said Andrey Kim, CEO of GDA. “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.”
About GDA
GDA is one of the world’s largest and most experienced industrial-scale bitcoin mining companies, with a track record of building, managing, and scaling data center operations spanning nearly a decade. We champion innovation, responsible energy use, and investment in the communities where we operate globally, including the 19 data centers across North America, Europe, and Central Asia. With a total power capacity of over 500 MW, the company has brought over 150,000 miners online. At GDA, we are committed to supporting the infrastructure for the future of money by making the bitcoin network more robust, resilient, and secure.
Media contact: gda@greenbrier.partners
