Genesis Digital Assets Limited (GDA) is expanding its Bitcoin (BTC) mining operations in West Texas, increasing the capacity of its facilities in Pyote and Vernon by 50 megawatts (MW).

GDA is a privately held organization with offices in the United Arab Emirates and the United States, with a combined capacity of over 600 MW. While the company does not disclose its total hashrate, GDA CEO Abdumalik Mirakhmedov noted that it is “one of the world’s leading Bitcoin mining companies by this metric.”

By comparison, Bitdeer (BTDR), one of the largest publicly traded Bitcoin mining companies by infrastructure, has nearly 900 MW of capacity, while giants like MARA Holdings (MARA) and Riot Platforms (RIOT) have over 1 gigawatt (GW) each.

GDA's new deployment includes two 20-MW buildings at the Payot site, bringing its capacity to 195 MW, and a 10-MW containerized plant at the Vernon site, bringing its capacity to 70 MW. The Payot site can be expanded to 370 MW, according to GDA's website.

A Bitcoin mining company will use a demand response program in Texas, which means it will shut down its installations during peak power grid loads and receive compensation for doing so.

GDA operates 20 data centers in various jurisdictions, including Texas, South Carolina, Sweden, and Argentina. Many of these centers use clean energy sources such as wind, hydro, nuclear, and flared gas.

“Bitcoin mining is a core focus for GDA. The company is currently exploring synergies with other emerging sectors, including AI, to optimize and expand its mining operations,” Mirakhmedov told CoinDesk.

Read more: Genesis Digital Assets plans to build a 100% clean energy mining center in Sweden

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Source: cryptonews.net