HOUSTON Genesis Digital Assets Limited (“GDA”), one of the world’s largest bitcoin mining companies in terms of hash rate, announce a strategic hosting arrangement entered into with Lonestar Dream, Inc.
The hosting arrangement provides that GDA will have access to about 36 MW of total power
capacity at the data center known as Tarbush in West Texas, which is in Pecos.
In partnership with Lonestar Dream, GDA has added approximately 1 EH/s to its total hashrate capacity.
This site marks GDA’s sixth facility in Texas in the last few years. Texas’ wealth of renewable energy and a flexible power grid has played a pivotal role in the company’s strategic decision to further invest in capacity in Texas.
The Tarbush data center is situated within the ERCOT West Hub, a major hub for renewable energy production in Texas. According to ERCOT, as of January 2024, the total installed renewable capacity in Texas is 55GW and record renewable generation is 35GW, of which the majority of the capacity is located in the ERCOT West Hub. With an array of wind, solar, and
other renewable energy sources, the West Hub is well-suited for wind energy production, benefiting from nearby wind farms.
“This hosting agreement is an important milestone for us as we continue expansion in the West Texas region,” said Andrey Kim, CEO of GDA. “We believe that our commitment to renewable energy and utilization of some of the most advanced technology in the bitcoin mining industry empowers us to engage in efficient and reliable bitcoin mining operations.”
GDA is one of the world’s largest industrial-scale bitcoin mining companies, with a track record of building, managing, and scaling data center operations spanning nearly a decade.
