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RE: LeoThread 2023-08-21 20:14

in LeoFinance • last year

🧵 1. Sweden welcomes hydro-powered Bitcoin mining data center. Genesis Digital Assets opens new facility in the North, benefiting from abundant renewable energy surplus. #crypto

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    🧵 2. The Swedish data center is expected to generate a hash rate of 155 PH/s, with approximately 1,900 Bitcoin mining machines deployed.

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      🧵 3. Sweden's reliance on nuclear and hydropower, particularly in the north, makes it an ideal location for Bitcoin mining using renewable energy sources.

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        🧵 4. Bitcoin mining in the Nordics is gaining popularity due to cheap and abundant untapped renewable energy sources. Energy companies are supportive of the sector.

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          🧵 5. Genesis Digital Assets' expansion into Sweden is part of the growing trend of using renewable energy and stable electricity grids for Bitcoin mining.

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