On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Genesis Digital Assets' new Bitcoin Texan mining center will have a capacity of 300 megawatts.
Major U.S.-based Bitcoin (BTC) mining firm Genesis Digital Assets is building a new data center in West Texas.
According to the firm’s Nov.1 announcement, the new industrial-scale BTC mining data center will have a capacity of 300 megawatts and will operate using unspecified “sustainable infrastructure.” Its energy will be sourced from the Electric Reliability Council of Texas (ERCOT).
As part of the announcement, Genesis co-founder and executive chairman Abdumalik Mirakhmedov emphasized that “sustainability” is a key part of the firm’s plans for “rapid expansion.”
ERCOT supplies more than 26 million customers in Texas with electricity. As of April this year, 42% of its energy supply was sourced from wind and solar.
Genesis is one of the largest Bitcoin miners in the U.S., with the firm estimating it has mined more than $1 billion worth of BTC since its launch in 2013. As of October 2021, Genesis' data centers represented an operational capacity exceeding 170 megawatts or a total hash rate of 3.8 exahashes per second (EH/s).
The firm has outlined that another 9.4 EH/s will go “online during the next 12 months,” with the company aiming to surpass a total capacity of 1.4 gigawatts by the end of 2023. Genesis estimates it represented 2.4% of the Bitcoin network’s total hashing power during September.
Major U.S.-based Bitcoin (BTC) mining firm Genesis Digital Assets is building a new data center in West Texas.
Related:Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO
Genesis has raised a total of $556 million from two separate funding rounds in 2021 to fuel its aggressive plans for expansion.
In July, the firm announced a $125 million equity funding round, with some of the funds going towards a deal to purchase 20,000 Bitcoin miners from Canaan the following month. As part of the deal, Canaan also granted Genesis an opportunity to purchase up to 180,000 additional BTC mining machines.
In September, the firm secured $431 million to expand its U.S. and Norther European operations in a funding round led by Paradigm.
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