Greenidge Generation To Establish New Carbon-Neutral Bitcoin Mining Facility
The bitcoin mining company will introduce a second facility located in South Carolina, a report outlines.According to a press release, Greenidge Generations Holdings, Inc. intends to establish a second bitcoin mining operation in South Carolina. The facility will be entirely carbon neutral. “The site, a retired printing plant, previously drew approximately 80MW of power and has expansion potential beyond that capacity,” states the release. The move contributes to a growing trend of increasing investment in renewable energy, a positive in terms of the public perception of bitcoin mining.....
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On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral by June 1st and Beyond Ever since Tesla cited environmental concerns over bitcoin (BTC) mining and told the public it would not be accepting BTC for electric cars, the topic has spread widely across social....
On Friday, the bitcoin mining operation Greenidge Generation Holdings announced the company is expanding to South Carolina in order to develop the firm’s next bitcoin mining facility. Greenidge details that the carbon-neutral Spartanburg facility will be ready in 2021 or early 2022. Bitcoin Miner Greenidge Generation Plans to Expand to South Carolina Spartanburg, South Carolina, the 12th most populous city in the state will be home to bitcoin miners by Q4 2021 or Q1 2022, according to Greenidge Generation Holdings. The Dresden, N.Y.-based firm signed a letter of intent with LSC....
According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources. Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year.In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said it had signed a letter of intent for a 10-year lease with printing firm LSC Communications’ location on the outskirts of the South....
Greenidge Generation has announced it will offset all greenhouse gas emissions from its bitcoin mining operations by June 2021.
Support.com and Greenidge Generation are expected to complete the merger in the third quarter of 2021. Greenidge Generation, a New-York based Bitcoin mining company that owns its own power plant, aims to go public through a merger with technical support provider Support.com.In an announcement today, Greenidge said it had signed an agreement with Support.com to merge in a stock-for-stock transaction. Though shareholders will have to approve the merger, the firm reports it would be one of the first publicly listed Bitcoin (BTC) mining companies to generate the power consumed by its crypto....