Genesis Digital Assets (GDA), a leading global bitcoin mining company known for its substantial hash rate, shared its commitment to clean energy and technological innovation as key drivers behind its global growth at the Bitcoin MENA conference in Abu Dhabi.
In recent months, GDA has made significant strides in its sustainability efforts. The company opened a new data center in Argentina, utilizing repurposed flared gas to reduce methane emissions. Additionally, GDA implemented a heat repurposing initiative in Sweden, which helps prevent snow-clearing vehicles from freezing, ensuring that busy roads remain open for traffic even during harsh winter conditions.
Further emphasizing the company’s commitment to community and sustainability, GDA has launched a greenhouse initiative in Sweden. This project, which utilizes the heat generated by bitcoin mining, produces a variety of fresh vegetables, benefiting local students, young children, and town hall employees. It highlights how byproducts from bitcoin mining can be repurposed for agricultural and community development.
Abdumalik Mirakhmedov, Co-Founder and Executive President of GDA, spoke at the Bitcoin MENA conference and reinforced the company’s long-term vision. “We remain dedicated to our commitment to sustainability and innovation. We will continue to explore new technologies, expand our use of renewable energy, and build partnerships that benefit both the environment and the communities we serve,” said Mirakhmedov. “The future holds immense potential, and we are eager to help create a more sustainable and resilient bitcoin mining industry.”
Mirakhmedov participated in a panel on bitcoin mining as a catalyst for sustainable energy, emphasizing how the industry not only supports the bitcoin network but also contributes to the advancement of renewable energy adoption.
This year, GDA has expanded its operations in South America and Sweden. The company launched its first data center in South America in May, located in Rincón de Los Sauces, Argentina. This facility uses stranded gas, which would otherwise be flared, significantly cutting methane emissions and demonstrating the positive environmental impact of bitcoin mining.
In Sweden, GDA has been at the forefront of innovative projects that repurpose the heat produced by bitcoin mining. One such project, located in Norsjö, uses excess heat from a data center to warm a large garage, reducing the operational costs of snow-clearing trucks during extreme cold temperatures. Powered by renewable electricity from a nearby hydroelectric power station, this initiative showcases GDA’s dedication to sustainability.
Additionally, in Boden, Sweden, GDA’s greenhouse project is helping to support sustainable agriculture by using the heat by-products of bitcoin mining. The greenhouse grows a variety of fresh produce, including strawberries, raspberries, kale, cucumbers, herbs, microgreens, and tomatoes. These fresh vegetables are provided to local students, preschool children, and municipal employees, promoting both environmental sustainability and community well-being.
“This initiative provides fresh produce to the community while innovatively utilizing excess heat from our bitcoin mining operations,” Mirakhmedov added. “By transforming waste into a valuable resource, we are advancing sustainability in agriculture and technology.”
With a focus on increasing capacity, optimizing efficiency, and promoting sustainability, GDA is paving the way for a more resilient and environmentally responsible bitcoin mining industry.
