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terahash.energy GmbH
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Innovative Bitcoin mining with heat recovery – terahash.energy GmbH launches groundbreaking project in Finland

terahash.energy GmbH is proud to announce the launch of its largest and most ambitious project to date: the "Genesis" mining site in Finland officially went live on October 31, 2024. This milestone highlights the company's position as a pioneer in the Bitcoin mining industry, setting new benchmarks for sustainable and efficient mining solutions.

Project Genesis: A Flagship for Innovative Mining Technology

Since its founding in December 2022, terahash.energy GmbH has pursued a vision of transforming the European Bitcoin mining market through innovative and eco-friendly solutions. Central to this strategy are cutting-edge technologies such as heat recovery and intelligent load management.

After two years of intensive research and development, Genesis has been realized as a project with the potential to make a lasting impact on the global mining market. The 1-MW data center is powered entirely by renewable energy and features a unique partnership with a Finnish district heating provider. The heat generated by the mining operations is fed into the local district heating network, supplying sustainable heat year-round to a town of approximately 12,000 residents.

Voices from the Company

“We are incredibly proud to have brought Genesis to life as a globally unique flagship project,” said Fabian Weber, Project Manager at terahash.energy. “This achievement was only possible through close collaboration with our Finnish partners, our dedicated local team, and a leading manufacturer of mining hardware with integrated heat recovery.”

Kristian Kläger, CEO of terahash.energy GmbH, added: “The many trips to Finland and China to coordinate with all stakeholders have paid off immensely. Genesis is compelling proof that sustainable Bitcoin mining in Europe is not only possible but also economically profitable”

A Successful Start – Bitcoin Block Generated

During the pilot phase, terahash.energy GmbH successfully mined a Bitcoin block with its fleet operating in Finland. This historic milestone underscores the company’s innovation and operational excellence: for the first time, a valid block was generated on the Bitcoin network from a data center powered entirely by renewable energy and utilizing heat recovery efficiently.

A Signal for the Future

With the Genesis mining site, terahash.energy demonstrates that sustainable Bitcoin mining in Europe is a reality. The company has ambitious plans for 2025, aiming to advance further innovative projects and business models that integrate efficiency and sustainability. This approach offers significant potential for investors, as terahash.energy already counts prominent corporate partners, family offices, and foundations among its supporters.

Genesis is more than just a project – it is a symbol of the innovation and future viability of European Bitcoin mining.

 

LEARN MORE ABOUT THE FINLAND PROJECT NOW

 

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