Share this article
Genesis Digital Assets Raises $431M for Expansion
Paradigm led the funding round, which included other venture heavyweights.
By Danny Nelson
Updated May 11, 2023, 4:13 p.m. Published Sep 21, 2021, 6:29 p.m.
Genesis Digital Assets raised $431 million to expand its bitcoin mining operations in North America and the Nordic region, the company said Tuesday.
- Paradigm led the massive round, which also included NYDIG, FTX, Stoneridge, Ribbit and Electric Capital, as well as the family offices of Paul Tudor Jones by way of Kingsway Capital, according to a press release.
- Genesis Digital Assets co-founder and CEO Marco Streng said the capital will help the company expand its operations in the clean energy space, a signal of the heightened importance of greening bitcoin.
- “As we work towards our goal of bringing 1.4 gigawatts online by 2023, the capital raised from this round will be used to expand our bitcoin mining operations in locations where clean energy is easily accessible,” Streng said in the announcement.
- Paradigm co-founder and Managing Partner Matt Huang joined Genesis Digital Assets’ board of directors following the round.
- In July, Genesis Digital Assets raised $125 million in equity funding to fuel North American and Nordic expansion.
- Genesis Digital Assets is different from Genesis, the crypto lending firm owned by CoinDesk parent company Digital Currency Group.
Read more: Genesis Digital Assets Raises $125M to Fuel US and Nordic Expansion
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain
The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.
What to know:
- JPMorgan Chase is launching its first tokenized money-market fund on Ethereum dubbed My OnChain Net Yield Fund (MONY), with an initial $100 million investment.
- The fund is part of a growing trend of blockchain-based financial products, with major firms like BlackRock and Franklin Templeton also entering the space.
- MONY allows investors to redeem shares using cash or USDC and aims to offer similar benefits to traditional money-market funds with added blockchain advantages.
Top Stories
