Genesis Digital Assets Leverages Renewables to Increase Bitcoin Mining Capacity at New Texas Facility
The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations.
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The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations.
During the recent winter storm in Texas, Bitcoin miners returned enough electricity to power approximately 1.5 million homes, as reported by Satoshi Action on January 5th. This excess energy was able to provide warmth to residents who were experiencing power outages and freezing temperatures. The Bitcoin mining industry has often been criticized for its high energy consumption, […]
The amount of hashrate curtailed during Winter Storm Finn in January was exaggerated. The data shows the reality of the scale of curtailment.
North America faces energy challenges as cryptocurrency mining and AI data centers push electricity demand to unprecedented levels.
According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion down from the 92 trillion recorded on Sept. 20, 2024.
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