Renewable energy Bitcoin mining company powers up in Sweden

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Is Bitcoin mining getting greener and more renewable? The tide may be turning on what has previously been portrayed as a destructive industry.

Genesis Digital Assets Limited , 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.

“Given the proximity to the hydroelectric power station, we expect all of our electricity consumption to be powered by renewable energy.” As reported by Jaran Mellerud, a Business Developer at Luxor Mining, and a frequent Cointelegraph contributor, Sweden produces almostMellerud, who hails from nearby Norway, explains that renewable energy is also abundant:

GDA’s strategic expansion is part of a broader trend in the Northern European Bitcoin mining landscape. Christian Anders, the founder of BT.CX, aHowever, the Nordics are a class apart, Anders told Cointelegraph:

 

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