- Genesis Digital Assets achieved an additional 708 MW of operating capacity.
- The bitcoin mining company is expected to create 130 full-time jobs with an additional 495 manufacturing jobs.
- Starting in 2013, the company has reportedly mined more than $1 billion in bitcoin.
Genesis Digital Assets, a leading industrial bitcoin miner in the US, has achieved an additional 708 megawatts (MW) of operational capacity with the potential to scale, according to a press release.
Andrey Kim, COO of Genesis, said, “We are very pleased with the pace of our U.S. expansion. Our team has worked incredibly hard to maximize our potential and, despite market volatility, we are determined to execute it. more committed than ever before. 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 jobs with an additional 495 construction jobs for local communities in Texas, North Carolina and South Carolina.
“Every day, we are given 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 currently has. The ecosystem has seen varying amounts of dedication, although some firms have managed to increase their share despite the market downturn. Nevertheless, Genesis hopes to create job opportunities for those who wish to engage themselves in the mining industry.
“It has been incredibly satisfying to see our organization grow! Bitcoin mining offers access to an exciting career path that has great potential to grow as the industry gets bigger and bigger in the years to come,” Nyarko said.
Founded in 2013, Genesis has accumulated over 20 industrial-scale bitcoin mining facilities with over 300,000 miners who have reportedly mined more than $1 billion in bitcoin.