Major United States-based Bitcoin (BTC) mining firm Genesis Digital Assets is building a new information center in West Texas.

According to the business firm's Mon announcement, the new industrial-scale BTC mining data heart volition take a capacity of 300 megawatts and will operate using unspecified "sustainable infrastructure." Its free energy will be sourced from the Electric Reliability Council of Texas (ERCOT).

As office of the annunciation, Genesis co-founder and executive chairman Abdumalik Mirakhmedov emphasized that "sustainability" is a cardinal part of the firm's plans for "rapid expansion."

ERCOT supplies more than 26 million customers in Texas with electricity. As of April this year, 42% of its energy supply was sourced from wind and solar.

Genesis is one of the largest Bitcoin miners in the U.South., with the firm estimating it has mined more than $1 billion worth of BTC since its launch in 2022. As of October 2022, Genesis' data centers represented an operational capacity exceeding 170 megawatts or a total hash charge per unit of three.8 exahashes per second (EH/s).

The firm has outlined that another 9.4 EH/south will get "online during the next 12 months," with the company aiming to have surpassed a total capacity of one.4 gigawatts past the terminate of 2023. Genesis estimates it represented 2.iv% of the Bitcoin network'southward total hashing power during September.

Related: Bitcoin miner maker Canaan records highest quarterly profit since 2022 IPO

Genesis has raised a full of $556 one thousand thousand from two separate funding rounds in 2022 to fuel its ambitious plans for expansion.

In July, the house announced a $125-million equity funding round, with some of the funds going toward a deal to buy 20,000 Bitcoin miners from Canaan the following calendar month. Equally function of the deal, Canaan also granted Genesis an opportunity to purchase up to 180,000 additional BTC mining machines.

In September, the business firm secured $431 million to expand its U.S. and Norther European operations in a funding circular led by Image.