Bitcoin mining has entered a new era of scale, efficiency, and long-term vision with the official announcement of Genesis Digital Assets (GDA)—a powerhouse in the industrial-scale cryptocurrency mining sector. Formed by seasoned veterans from Genesis Mining and former high-level mining executives, GDA is positioning itself at the forefront of the global Bitcoin infrastructure revolution.
With a foundation built on operational excellence, strategic partnerships, and deep technical expertise, Genesis Digital Assets is not just another mining venture—it's a blueprint for the future of decentralized monetary systems.
The Genesis Behind Genesis Digital Assets
Genesis Digital Assets emerges from a successful six-year collaboration between key figures in the crypto mining world. The company was co-founded by Marco Streng and Marco Krohn, originally from Genesis Mining—one of the earliest and most respected names in cloud mining—and three former mining industry leaders: Abdumalik Mirakhmedov, Andrey Kim, and Rashit Makhat.
Their partnership began in 2016 with a shared goal: to build self-owned, self-operated mining facilities optimized purely for profitability and efficiency—no third-party investors, no customer contracts, just pure mining performance.
👉 Discover how industrial-scale mining is reshaping Bitcoin’s future.
This lean, focused model allowed them to thrive even during market downturns. When Bitcoin dipped below $4,000 in early 2020, many miners shuttered operations. But thanks to their high-efficiency farms and low-cost energy sourcing, GDA not only survived—it grew stronger.
A Proven Track Record of Scale and Success
Since its inception, Genesis Digital Assets has achieved milestones that few in the industry can match:
- Over 20 industrial-scale mining farms built since 2013
- More than 300,000 miners deployed across global operations
- Over $1 billion worth of Bitcoin mined
- Data center capacity exceeding 140 megawatts (MW) as of April 2021
- Total hashrate surpassing 2.0 exahashes per second (EH/s)—representing more than 1.2% of the global Bitcoin network
And this is just the beginning.
The company has aggressive expansion plans: an additional 5.5 EH/s of hashrate expected within 12 months, and a bold target to reach over 1 gigawatt (GW) of capacity by 2025. To put that in perspective, 1 GW could power a small city—or mine Bitcoin at an unprecedented scale.
Why Operational Efficiency Matters
In Bitcoin mining, profitability isn’t just about the price of BTC—it’s about cost per terahash, energy efficiency, and scalability. GDA’s success stems from its mastery of these factors.
By designing and managing their own facilities, the team controls every variable: from chip-level hardware optimization to securing low-cost renewable energy sources. This vertical integration allows them to maintain margins even in bear markets.
“Back in 2016, we were looking for a partner who could help us rapidly scale our operations,” said Marco Streng, CEO and co-founder of Genesis Digital Assets. “We met Abdumalik, Andrey, and Rashit, and it quickly became clear how complementary their skills were to ours. They helped us drive higher profitability than ever and reach a new level of operational efficiency.”
That synergy has become the foundation of GDA’s competitive edge.
Mission-Driven Infrastructure for a Decentralized Future
Beyond profits, Genesis Digital Assets is driven by a broader vision: to provide the physical backbone for Bitcoin’s growth as an open-source monetary system.
“Our mission is to provide the infrastructure that will power the open-source monetary system revolution,” said Abdumalik Mirakhmedov, Executive Chairman and co-founder. “There's no one in the world who can mine as profitably at scale like we can—and we look forward to scaling GDA over the upcoming months and years.”
This isn’t hype. It’s backed by real infrastructure, real uptime, and real results.
GDA’s operations are designed for sustainability and longevity. By focusing on regions with access to clean energy—such as hydroelectric and wind power—the company aligns with growing environmental, social, and governance (ESG) expectations without sacrificing performance.
👉 Learn how next-gen mining operations are driving Bitcoin adoption.
Core Keywords Driving Visibility
To ensure this content aligns with search intent and ranks effectively, here are the core SEO keywords naturally integrated throughout:
- Bitcoin mining
- Industrial-scale mining
- Genesis Digital Assets
- Cryptocurrency mining company
- Bitcoin hashrate
- Mining farm
- Operational efficiency
- Bitcoin infrastructure
These terms reflect what users are actively searching for—information on large-scale mining operations, profitability models, industry leaders, and technological advancements in the Bitcoin ecosystem.
Frequently Asked Questions (FAQ)
What is Genesis Digital Assets?
Genesis Digital Assets (GDA) is an industrial-scale Bitcoin mining company founded by veterans from Genesis Mining and former senior mining executives. It focuses on building and operating high-efficiency mining farms to maximize profitability and support Bitcoin’s long-term growth.
How big is Genesis Digital Assets’ mining operation?
As of April 2021, GDA operates over 140 megawatts of data center capacity with a total hashrate exceeding 2.0 EH/s—more than 1.2% of the global Bitcoin network. The company plans to expand to over 1 gigawatt by 2025.
Who are the founders of Genesis Digital Assets?
The company was co-founded by Marco Streng and Marco Krohn (from Genesis Mining) and Abdumalik Mirakhmedov, Andrey Kim, and Rashit Makhat—former mining industry executives with deep operational expertise.
How does GDA maintain profitability during market downturns?
Through vertical integration, low-cost energy sourcing, hardware optimization, and fully self-owned facilities, GDA maintains one of the lowest cost-per-hash rates in the industry—enabling sustained profitability even when Bitcoin prices drop.
Is Genesis Digital Assets involved in cloud mining?
No. Unlike its predecessor Genesis Mining, which offered cloud mining services, Genesis Digital Assets operates exclusively self-mining facilities with no external investors or customers.
What are GDA’s expansion plans?
GDA aims to bring an additional 5.5 EH/s online within 12 months and reach over 1 gigawatt of capacity by 2025—positioning it among the largest Bitcoin mining operators globally.
👉 See how leading miners are shaping the future of digital currency.
Building the Backbone of Bitcoin
Genesis Digital Assets represents more than corporate growth—it symbolizes the maturation of Bitcoin mining as a critical component of global financial infrastructure. As adoption accelerates and institutional interest grows, reliable, scalable, and efficient mining operations will be essential to maintaining network security and decentralization.
With a proven track record, ambitious goals, and a mission aligned with the core principles of Bitcoin, GDA is not just participating in the revolution—it’s helping build it from the ground up.
Whether you're an investor, technologist, or simply curious about where Bitcoin is headed, one thing is clear: the future of mining is industrial, efficient, and here to stay.