Bitcoin miner Genesis Digital has locked in 708MW of electricity for Bitcoin mining

Bitcoin miner Genesis Digital Assets locked 708 megawatts (MW) of electricity for Bitcoin mining in the first six months of the year, it said in a press release on Wednesday.

These power capacities are distributed across western Texas and sites in North and South Carolina. The New York-based company did not specify what stage of development the different sites are in or when they will be ready to begin operations.

It is reported that the Bitcoin mining site may take several months to complete. According to the company’s website, the company has signed contracts for 100MW in Sweden, 300MW in Texas and an undisclosed amount in South Carolina.

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