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Greenidge Generation to Expand Bitcoin Mining With South Carolina Plant
Two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power.
Greenidge Generation said it plans to expand its bitcoin mining operations by adding a facility in Spartanburg, South Carolina. It already has an operation in New York.
STORY CONTINUES BELOW
- Mining at the site, previously a printing plant, will start later this year or early 2022.
- Greenidge Generation said it is committed to “environmental leadership” in cryptocurrency operations, and two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power.
- It plans to lease the site for 10 years from LSC Communications, an Atlas Holdings company.
- "This is an important step in Greenidge's strategy to build upon our unique expertise in environmentally sound bitcoin mining at additional locations across the country," CEO Jeff Kirt said.
Read more: Greenidge to Merge, Becoming First Publicly Traded Bitcoin Miner With a Power Plant
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
