Doha, Qatar, February 26, 2025: Genesis Digital Assets (GDA) announced a 10% increase in power capacity, emphasizing Bitcoin mining's role in sustainable energy solutions.
GDA activated 50 MW of mining capacity across Pyote and Vernon, West Texas, utilizing next-generation hardware for efficiency.
Approximately 60% of Bitcoin mining leverages clean energy sources like hydro, solar, wind, and nuclear.
GDA's Texas operations participate in demand-response programs, stabilizing the grid by adjusting energy consumption during peak demand.
Bitcoin miners act as flexible energy consumers, absorbing excess electricity during low demand and reducing flare gas emissions.
In 2024, the network's computing power grew by 52%, with the U.S. contributing 36% of mining power.