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Renewable energy Bitcoin mining company powers up in Sweden

Published 08/21/2023, 08:59 AM
Updated 08/21/2023, 11:20 AM
© Reuters.

Sweden has welcomed a hydro-powered Bitcoin (BTC) mining data center.

Genesis Digital Assets Limited (GDA), a mining and data center company with over 400 MW of power generation worldwide has made a opened a new data center in Sweden, driven by the country's burgeoning renewable energy surplus.

Porjus is in the far north of Sweden where renewable energy is abundant.
Stats from the Cambridge Centre for Alternative Finance. Global energy consumtion is estimated at 25,000 terawatt-hours according to the IEA.

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