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Genesis Digital Assets Raised $125 Million To Expand Bitcoin Mining Operations In The U.S. And Northern Europe
Summary: Genesis Digital Assets (GDA), one of the world’s largest industrial-scale Bitcoin mining operators, announced that it has completed an equity financing of $125 million. This investment was led by the British private equity fund Kingsway Capital. As part of this round of financing, Kingsway Capital CEO Manuel Stotz has joined the GDA board of directors. ...
Genesis Digital Assets (GDA), one of the world’s largest industrial-scale Bitcoin mining operators, announced that it has completed an equity financing of $125 million.
This investment was led by the British private equity fund Kingsway Capital. As part of this round of financing, Kingsway Capital CEO Manuel Stotz has joined the GDA board of directors.
The new funds will be used to purchase equipment and build new data centers in the United States and Northern Europe.
As of July 2021, the GDA data center has a capacity of more than 150 MW, with a total computing power exceeding 2.6 Exahashes (EH/s), which exceeds 2.6% of the global Bitcoin mining power. GDA predicts that its data capacity will exceed 1 GW by the end of 2023.
By Mary Liu
Tags: Bitcoin,Bitcoin Mining,Genesis Digital Assets,Kingsway Capital
Link: Genesis Digital Assets Raised $125 Million To Expand Bitcoin Mining Operations In The U.S. And Northern Europe [Copy]
