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Greenidge Generation
Excavating the Truth Around the Bitcoin Mining Discourse
CoinDesk went to Greenidge Generation to see if testimony and online conversations accurately captured the impact it had on the environment. The reality on the ground was far more nuanced than the discourse suggested.
The Bitcoin Mining Debate Is Ignoring the People Most Affected
Snowballing misinformation has painted an inaccurate and incomplete portrait of a complicated industry – and that is having a real impact on policy.
Bitcoin Mining Controversy and the Case of Greenidge Generation
Greenidge Generation, a bitcoin mining operation in upstate New York, has found itself at the center of state and national debates about the impact crypto mining firms have on the environment and their local communities. But locals who live near the facility say they’ve been cut out of the conversation, and the broader debate ignores the role Greenidge plays in their lives. CoinDesk reporters traveled to the towns immediately adjacent to the mining operation to understand the views on the ground.
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
The miner signed deals with three firms to host rigs at sites where the Celsius Mining fleet was recently unplugged.
Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief
Energy producers finally have incentives to work with bitcoin miners.
Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
The deal with investment bank B. Riley includes a share sale and some additional time for repayments.
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal for restructuring $74.7 million worth of debt, Greenidge will host NYDIG's new machines.
Bitcoin Miner Greenidge Expects Q3 Losses of $20M-$22M Amid CEO Departure
CEO Jeffrey Kirt resigned from his position effective Oct. 7.
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
U.S. Sen. Elizabeth Warren (D-Mass.) expanded her inquiry of bitcoin miners’ energy usage and their environmental footprint, sending letters Thursday to six more miners, including Riot Blockchain and Marathon Digital Holdings. In December, Warren wrote to Greenidge Generation. "The Hash" team reacts, discussing the industry implications in the wake of China's crypto mining crackdown.
New York Bitcoin Miner Greenidge Under Fire for Climate Impact
U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to bitcoin miner Greenidge Generation’s (GREE) asking for more details about the environmental impact of its mining operation in New York State. "The Hash" team discusses the latest collision of politics and crypto mining.