Bitcoin miners continue to expand across the American continent, the second largest on Earth.
Recently, mining company Sazmining announced a new expansion project in Paraguay, to install a Bitcoin mining center that will allow the country to monetize the energy surplus from the Itaipú dam while mining the cryptocurrency with 100% renewable energy.
Now, the mining company Genesis Digital Assets, one of the largest in the crypto industry, announced the opening of Three new Bitcoin mining data centers located in South Carolina, United States, one of the states in the country that has opened its doors to mining operations on the Bitcoin network and that has an attractive energy rate for companies dedicated to this activity.
Genesis Digital Assets said its new facility will be carbon neutral as the company will be operating its data centers with renewable energy.
Apart from this company, other Bitcoin miners such as Greenidge and Litchain Corp have also set up their data centers in the US state, in order to expand their mining operations. Both companies are operating their crypto mining equipment with clean energy sources, including nuclear power, to ensure that the production of new bitcoins is done in an environmentally friendly manner.
South Carolina, a pro-innovation state for Bitcoin miners
In the specific case of South Carolina, Genesis Digital Assets CEO Andrey Kim said that the state is one of the ones that has been most supportive of cryptocurrency miners and that it also has abundant renewable energy sources that allow bitcoins to be extracted from the network in a more environmentally friendly way. For this reason, the company chose South Carolina as its new destination to expand its crypto mining business in the United States.
In addition to South Carolina, Genesis Digital Assets also has facilities in the state of Texas, another jurisdiction in the country that has opened its doors to Bitcoin miners. Genesis Digital Assets also operates data centers in other regions, including Asia and Europe, making it one of the largest Bitcoin mining companies worldwide.
The company's CEO assured that, from all its facilities, Genesis Digital Assets aims to show the world that Bitcoin mining can be compatible with ESG objectives.
Bitcoin mining takes over America
Since China banned Bitcoin mining and cryptocurrency trading in general, the American continent has become one of the favorite destinations for crypto miners.
Some of the Bitcoin mining companies that left China have settled in the United States in search of new business opportunities. Although the country does not have clear rules governing the crypto industry, states such as Wyoming, Texas, Florida, Colorado, South Carolina, New Hampshire and Pennsylvania have been quite receptive, favoring Bitcoin mining and helping to drive innovation in new technologies in the country.
So far this year, large Bitcoin mining projects have been launched in the United States, such as Nautilus Cryptomine, a nuclear-powered crypto mining farm that was built by the companies TeraWulf and Talen Energy Corporation in the state of Pennsylvania. In the middle of last year, the state of Colorado also welcomed the new facilities of Aspen Creek Digital to mine bitcoins with solar energy.
Other countries in the American continent, such as El Salvador, are also promoting Bitcoin mining. El Salvador, in addition to being the first country in the world to declare Bitcoin legal tender, wants to establish itself as a pro-bitcoin nation at the forefront of new technological innovations.
In partnership with mining company Volcano Energy, El Salvador is building a 20.000-megawatt crypto mining farm, which will be the largest in the world. Together with the same company, El Salvador will also become the first nation to open a crypto mining pool for Bitcoin.
Continue reading: Volcano Energy: El Salvador builds the world's largest green Bitcoin mining farm
