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genesisdigitalassets.com

Founded Year

2021

Stage

Series A | Alive

Total Raised

$556M

Last Raised

$431M | 1 yr ago

Mosaic Score

+30 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Genesis Digital Assets

Genesis Digital Assets is an industrial-scale Bitcoin mining company.

Genesis Digital Assets Headquarters Location

New York, New York,

United States

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Research containing Genesis Digital Assets

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CB Insights Intelligence Analysts have mentioned Genesis Digital Assets in 1 CB Insights research brief, most recently on Sep 7, 2021.

Expert Collections containing Genesis Digital Assets

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Genesis Digital Assets is included in 1 Expert Collection, including Blockchain.

B

Blockchain

5,186 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

Latest Genesis Digital Assets News

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

Aug 12, 2022

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022 This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the pace” of the bitcoin mining company’s U.S. expansion. Expansion Gathers 708 MW of Power On Wednesday, Genesis Digital Assets revealed it has acquired 708 MW of capacity as the firm’s U.S. expansion continues. Presently, Genesis mines bitcoin in four locations in Texas, three locations in South Carolina, and one location in North Carolina. During the first half of 2022, Genesis secured the 708 MW from the Texas, South Carolina, and North Carolina regions. The company said the expansion will create 130 full-time jobs and roughly 495 construction jobs for the local communities. “Every day, we are given a chance to create meaningful and lasting relationships by creating job opportunities for the local communities in which we operate,” Genesis’ global head of human resources Lydia Nyarko explained during the announcement on Wednesday. “Remaining intentional and impactful is incredibly important to GDA as we expand our candidate placement.” The Genesis Digital Assets executive added: Witnessing our organization grow has been incredibly fulfilling. Bitcoin mining offers access to an exciting career path with lots of potential to grow as the industry becomes larger and larger in the years ahead. Bitcoin Mining Operations Continue to Expand Amid Volatile Bear Market Before securing more wattage during the course of H1 2022, Genesis announced the development of new mining centers, and the bitcoin mining firm acquired thousands of bitcoin miners from Canaan last year. As far as 2022’s American expansion is concerned, Genesis COO Andrey Kim said the mining firm is satisfied with the speed of U.S growth. Like many other bitcoin mining operations this year, Kim noted that the crypto market is still eruptive. “We’re very pleased with the pace of our U.S. expansion,” the Genesis COO said in a statement on Wednesday. “Our team has worked incredibly hard to scale our capacity and while the market remains volatile, we remain more committed than ever to executing on our mission to provide the infrastructure that powers the Bitcoin network,” Kim added. In addition to Genesis, a number of other bitcoin mining companies have been expanding and purchasing mining rigs during the downturn. The bitcoin miner Cleanspark announced earlier this week that it acquired a plug-in-ready facility with 86 MW of capacity, and last month it obtained thousands of miners at discounted prices. The firm Cipher Mining completed a 40 MW facility in Alborz, Texas, and miner Kryptovault AS announced moving operations north of the Arctic Circle in order to get cheaper electricity rates. Tags in this story

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  • When was Genesis Digital Assets founded?

    Genesis Digital Assets was founded in 2021.

  • Where is Genesis Digital Assets's headquarters?

    Genesis Digital Assets's headquarters is located at New York.

  • What is Genesis Digital Assets's latest funding round?

    Genesis Digital Assets's latest funding round is Series A.

  • How much did Genesis Digital Assets raise?

    Genesis Digital Assets raised a total of $556M.

  • Who are the investors of Genesis Digital Assets?

    Investors of Genesis Digital Assets include Kingsway Capital Partners, SkyBridge Capital, NYDIG, Stoneridge, Winter Capital and 6 more.

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