Digital Shovel, a leader in Bitcoin mining infrastructure, today announced the latest evolution of its MiniPOD line of modular cryptocurrency mining datacenters, the S300 MiniPOD. The S300 builds on the design and functionality of Digital Shovel’s previous products, improving on many aspects of the installation and operation of a portable mining container.

The S300 has minimized the materials required for the pod, leading to a claimed 60% reduction in shipping costs from Digital Shovel to the deployment site. The container can be set up and installed on-site from a flat shipping pack within four hours, requiring only two people and no heavy lifting equipment necessary.

“As a pioneer of the modular approach to cryptocurrency mining data centers, we constantly strive to expand, improve and innovate our already advanced product line,” said Scot Johnson, CEO of Digital Shovel. “The S300 MiniPOD represents the cutting-edge in mining, allowing customers to continue achieving maximum efficiency and profit wherever they choose to establish their data centers.”

The new MiniPOD has integrated new features with the goal of streamlining operator maintenance and device profitability during operations. Four 1.1 KW direct drive fans contribute to increasing airflow from 60,000 cubic feet per minute (CFM) to 88,000 CFM, a 32% increase in air flow from previous models. With mitigation of heat build up being one of the core logistical issues of mining operations, this is a very attractive improvement.

In addition to the increased airflow, a new two-stage air intake filtration system has been upgraded with a 1 inch pre-filter that can be changed from outside the POD housing and handle protecting your machines from external contaminants, as well as improve the lifetime and durability of the primary air filter.

The POD also includes automated power distribution units (PDUs) to enable remote monitoring and management of electrical systems, and at a cheaper cost (almost 35%) than competitors in the industry. This is accomplished thanks to their vertically-integrated production facilities in North America.

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Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced the opening of three new data centers in South Carolina’s Western region. This expansion is part of the company’s strategy to establish a stronger presence within the United States, as currently, GDA accounts for 2% of the total hash rate of the Bitcoin network.

Since February 2023, the first data center has been operating near the town of Anderson, SC, boasting a total capacity of 18 MW. Not long after, in March 2023, the other two facilities located between the towns of Union and Lockhart commenced operations with a combined capacity of 15 MW.

The Anderson data center was constructed using North American-built infrastructure equipment, repurposing an abandoned textile warehouse. 95% of the personnel involved in constructing the two other facilities were hired locally within South Carolina, fostering economic growth and creating nearly 150 jobs, with 125 of these positions being filled by local contractors instrumental in setting up the data centers.

“I am extremely proud of the entire GDA team for opening these new facilities in only a few months,” said Ankit Joshi, GDA’s Head of North American operations. “We were impressed to see how these local communities welcomed us so warmly as an opportunity for their economy.”

The choice of South Carolina as the location for these data centers was not accidental. The state’s abundance of clean energy sources played a significant role in the decision-making process. One of the data centers, the Pacolet facility, is situated just 3 miles away from two hydroelectric generation plants operated by Lockhart Power, a major renewable and clean energy supplier in the region. Additionally, the Anderson data center is equipped with Hitachi’s environment-friendly dry type distribution transformers, and it will serve as a vital resource for Duke Energy in strengthening the local energy grid by returning excess power when needed.

“The opening of these new data centers is perfectly in line with our commitment to expand our fleet on clean energy resources,” said Andrey Kim, the CEO of GDA. “Our goal is to be industry leaders and show the world that Bitcoin mining can be very ESG-friendly.”

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Bitcoin (BTC) diced with $28,000 at the March 24 Wall Street open as fresh banking woes failed to provide a further boost to crypto.

Traders stay optimistic on BTC’s long-term trend

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing momentum to hit daily lows of $28,001 on Binance.

The pair were attempting to cement support after a classic comeback on March 23 erased panic on the back of the latest United States economic policy moves.

The Federal Reserve hiked baseline interest rates by 0.25% on March 23, which along with mixed comments from Chair Jerome Powell, served to unsettle risk assets amid a lack of clear trajectory.

Related: Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?

Bitcoin thus showed indecision on March 24, with analysts equally split over where BTC price action could head next.

“Typical seeing some panic on that dip, but unless we start to see a shift in market structure, Lower lows and lower highs, then we have nothing to worry about from a bullish perspective,” an optimistic Crypto Tony told Twitter followers.

Popular trader and analyst Rekt Capital was similarly upbeat about overall strength on BTC/USD.

“All BTC needs to do to confirm a new macro uptrend is Monthly Candle Close above ~$25000,” he argued in part of his latest analysis.

“So far, so good.”

Fellow trader Credible Crypto meanwhile suggested that even if BTC/USD were to drop to $23,000, this would not imply a clean break with current bullish behavior.

“A few weeks of chop before we continue our rally would be good for us here. Anything down to 22-23k is fair game and nothing to be concerned about imo,” he wrote on March 23.

Deutsche Bank unnerves market post-Credit Suisse

Short-term sentiment was impacted by a temporary trading outage on the largest global exchange, Binance, which briefly suspended spot trading.

Related: Crypto winter can take a toll on hodlers’ mental health

On-chain monitoring resource Material Indicators noted that bid liquidity had appeared on the Bitcoin order book in order to prevent a sell-off.

After an extended outage @Binance is back online, and someone put up a $13M block of bid liquidity to try to slow down a selloff. I wonder who that could be. pic.twitter.com/o195XMo4Zt

— Material Indicators (@MI_Algos) March 24, 2023

Elsewhere, macro concerns resulting from the U.S. banking crisis increased on March 24 as Deutsche Bank lost value just days after Swiss lender Credit Suisse saw a takeover and government bailout.

OUCH! Deutsche Bank’s credit default swaps, which represent insurance of its bondholders against a potential default, spike as banking doom is back in Europe. Markets price 31% default probability for DB sub-bonds and 16% for senior DB paper. pic.twitter.com/APrSRh9yVb

— Holger Zschaepitz (@Schuldensuehner) March 24, 2023

“Bank stocks dumping, Yields Dumping. Precious Metals up. Bitcoin a bit flat,” analyst Daan Crypto Trades responded.

“Seems like the TradFi world is continuing the same trend as last week. Let’s see if BTC has more fuel left in it or not.”

At the time of writing, Deutsche Bank shares were down nearly 10% on March 24.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.