Greenidge signs $74M debt restructuring agreement with NYDIG
The deal between Greenidge and NYDIG, would essentially restructure the company into a hosting firm for Bitcoin mining rigs. Bitcoin (BTC $16,811) miner Greenidge and its creditor, fintech company NYDIG, have agreed to restructure debt totaling over $74 million, according to a document made with the U.S Securities and Exchange Commission on December 20. The […]
Greenidge Bitcoin mining company set for Nasdaq listing through a recent merger
The merge between Support.com and Greenidge mining company, is slated to provide customers technical support solutions, and also become the latest publicly traded mining company. The deal is expected to push through as of market close on Sept. 14. Support.com Inc. will become a wholly-owned subsidiary of Greenidge Generation Holdings Inc . after the merger […]
Greenidge Bitcoin mining facility seeks license renewal in New York
Greenidge Generation has applied to the New York Department of Environmental Conservation (DEC) to renew its Title V permit which will allow it to legally mine Bitcoin at its facility in Dresden, New York. In 2016, the company’s Dresden operation, which mines about four Bitcoin per day, received its last Title V permit. Since then, […]
Greenidge to use profits from Bitcoin mining to build a solar farm
Greenidge generator plans to expand the number of renewable energy sources available in New York by using profits from its Bitcoin mining procedure. Greenidge Generation, a bitcoin mining startup, plans to expand the number of renewable energy sources available in New York. Greenidge announced on Thursday that it would use the revenues from its Bitcoin […]
Bitcoin mining company Greenidge Generation announces expansion plans to South Carolina
Greenidge Generation claims that the South Carolina facility can generate 80 megawatts of power, with two-thirds of that coming from carbon-free sources. Greenidge Generation , a bitcoin mining startup, said that it would begin operations in South Carolina as soon as this year. Greenidge announced on Friday that it will be operating in a carbon-neutral […]