Genesis Digital Assets is one of the world’s largest and most experienced Bitcoin mining companies.
Genesis Digital Assets is on a mission to build the world’s largest and most profitable Bitcoin mining operation in the world by 2025.
Genesis Digital Assets was founded in 2013 by Marco Streng, Abdumalik Mirakhmedov, Andrey Kim, Rashit Makhat, and Marco Krohn. The company is headquartered in New York.
Genesis uses their own proprietary formula based on over a dozen factors to identify locations that provide an ideal environment to build a mining farm. This includes factors such as electricity cost, power source, and availability of local talent.
Genesis Digital Assets data center capacity is at over 170 megawatts, translating into a total hashrate exceeding 3.3 Exahashes (EH/s), which is more than 2.4% of the global bitcoin mining hashrate.
Genesis Digital Assets has built over 20 industrial-scale mining farms, brought over 300,000 miners online, and mined over $1 billion in Bitcoin.
Genesis is backed by Paradigm, Kingsway Capital, NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and others. The company raised $431M in a new round on Sep 21, 2021. This brings Genesis’ total funding to $556M to date.