Genesis Digital Assets buys 20K Bitcoin miners after $125M raise

Genesis Digital Assets buys 20K Bitcoin miners after $125M raise


The United States-based Bitcoin (BTC) mining company Genesis Digital Assets continues growing its cryptocurrency mining power with a fresh deal with Chinese crypto mining giant Canaan.

Genesis has secured a purchase order for purchasing 20,000 Bitcoin miners from Canaan, the mining machine manufacturer announced on Aug. 31.

In conjunction with the new purchase, Canaan has also granted Genesis an opportunity to buy up to 180,000 additional BTC mining machines, Canaan said.

Trending: Do NOT Quit Your Job If Forced To Take The Vaxx! Here’s Why and What To Do Instead….

Genesis co-founder and executive chairman Abdumalik Mirakhmedov noted that the new batch of Bitcoin miners will help the firm further expand its mining operations in North America and the Nordics. He added that Genesis is focused on scaling up in these regions as the company is focused on energy coming from renewable sources.

“These new machines will dramatically increase our capacity as we work towards our goal to increase our capacity to 1.4 gigawatts by the end of 2023,” Mirakhmedov said. According to the company’s website, Genesis’ data center capacity was at over

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend