Tuesday, September 26, 2023
No Result
View All Result
Ajoobz
Advertisement
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Ajoobz
No Result
View All Result

Genesis Digital Assets Expands Bitcoin Mining Capacity In Sweden

1 month ago
in Bitcoin
Reading Time: 2 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E-Mail



Genesis Digital Property (GDA), one of many worlds largest Bitcoin miners when it comes to hash fee, has introduced the inauguration of its new mining facility located within the northern reaches of Sweden, in accordance with a press launch despatched to Bitcoin Journal. The info middle’s capability is at the moment 8 megawatts (MW), with plans for additional enlargement “within the close to future,” and has been operational since June 2023.

The brand new facility is strategically positioned close to the 417 MW Porjus Hydroelectric Energy Station, recognized for its carbon-free electrical energy manufacturing. GDA goals to benefit from this renewable power supply for its Bitcoin mining operations.

“With plentiful power sources, a pro-innovation surroundings, and a robust instructional system that leads to an important tradition of innovation, we imagine that Sweden is likely one of the finest nations on the planet the place to mine bitcoin and anticipate to additional make investments on this stunning area shifting ahead,” commented Tim Carra, Head of Nordic Operations at GDA.

GDA has collaborated with a neighborhood firm assist to supervise the day-to-day operations of the brand new facility. The ability, which was as soon as a standard knowledge middle, marks GDA’s third enterprise in Sweden inside a three-year span, together with a greenhouse knowledge middle pilot launched in 2020.

“Our enlargement of amenities within the Nordics is a testomony to our unwavering dedication to using inexperienced power sources,” stated Abdumalik Mirakhmedov, Government President and Co-Founding father of GDA. “We intention to steer the bitcoin mining business by setting an instance for different gamers by minimizing our environmental affect.”



Source link

Tags: assetsBitcoinCapacitydigitalExpandsGenesisminingSweden
Previous Post

Recur NFT Platform Shutdown: Grave Warning To Industry?

Next Post

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

Related Posts

Ethereum Price Hints At Potential Correction But Faces Uphill Task
Bitcoin

Ethereum Price Hints At Potential Correction But Faces Uphill Task

3 hours ago
Analyst Identifies ‘Enemy’ Faced By The Top Crypto
Bitcoin

Analyst Identifies ‘Enemy’ Faced By The Top Crypto

11 hours ago
New Cryptocurrency Releases, Listings, and Presales Today – MEMETOON, Orcfax, Internet Computer Technology
Bitcoin

New Cryptocurrency Releases, Listings, and Presales Today – MEMETOON, Orcfax, Internet Computer Technology

11 hours ago
A Most Ridiculous World : The Politicization Of Energy
Bitcoin

A Most Ridiculous World : The Politicization Of Energy

16 hours ago
Aptos (APT) Token Price Rallies While Major Cryptos Trade Lower
Bitcoin

Aptos (APT) Token Price Rallies While Major Cryptos Trade Lower

17 hours ago
Will Dogecoin Bounce Back To $0.07? Here’s What To Watch For
Bitcoin

Will Dogecoin Bounce Back To $0.07? Here’s What To Watch For

20 hours ago
Next Post
BNB Chain Exploiter Liquidated for $30M on Venus Protocol

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

Over a billion dollars liquidated in crypto’s worst day since FTX

Over a billion dollars liquidated in crypto’s worst day since FTX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[ccpw id="587"]
Twitter Telegram
Ajoobz

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Ajoobz

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In