- Genesis Digital Assets achieved an additional operating capacity of 708 MW.
- The bitcoin mining company is expected to create 130 full-time jobs with an additional 495 jobs in manufacturing.
- Since 2013, the company has reportedly mined more than $1 billion worth of Bitcoin.
Genesis Digital Assets, one of the leading industrial Bitcoin miners in the US, has acquired an additional 708 megawatts (MW) of operational capacity with scaling potential, according to a press release.
Genesis COO Andrey Kim said, “We are very pleased with the pace of our US expansion. Our team has worked incredibly hard to maximize our potential and despite the market volatility, we are determined to execute. more committed than ever. Our mission is to provide the infrastructure that powers the Bitcoin network.”
In addition, the mining company expects to create more than 130 full-time positions with an additional 495 construction jobs for local communities in Texas, North Carolina and South Carolina.
“Every day we have the opportunity to build meaningful and lasting relationships by creating employment opportunities for the local communities in which we operate,” commented Lydia Nyarko, Global Head of HR at Genesis.
Of course, not all miners are experiencing the same growth and expansion that Genesis is currently experiencing. The ecosystem has seen varying degrees of engagement, although some companies have managed to increase their share despite the market downturn. Still, Genesis hopes to create employment opportunities for those who want to get involved in the mining industry.
“It has been incredibly rewarding to see our organization grow! Bitcoin mining offers access to an exciting career path that holds tremendous potential as the industry continues to grow in the years to come,” said Nyarko.
Founded in 2013, Genesis has amassed over 20 industrial-scale bitcoin mining rigs with over 300,000 miners who have reportedly mined more than $1 billion worth of bitcoin.