Greenidge Generation Holdings Inc. is a vertically integrated bitcoin mining and power generation company with operations in Upstate New York and plans to expand operations to South Carolina. Boasting an environmentally-sound 106MW natural gas plant that has undergone a remarkable transformation in recent years, Greenidge enjoys significant competitive advantages including low fixed costs, an efficient mining fleet, in-house operational expertise and low power costs due to its access to some of the least expensive natural gas in North America. The company is currently mining bitcoin and contributing to the security and transactability of the bitcoin ecosystem while concurrently meeting the power needs of homes and businesses in its region. Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.
Location: United States, New York, Dresden
Employees: 11-50
Founded date: 2014
Investors 1
| Date | Name | Website |
| - | Atlas Hold... | atlasholdi... |
Mentions in press and media 11
| Date | Title | Description |
| 15.07.2022 | Cryptominers defend gigawatt-scale energy usage called out by Congress | Citing “disturbing” levels of power used by cryptocurrency miners, a group of Democrats led by Sen. Elizabeth Warren is urging the Environmental Protection Agency and the Department of Energy to crack down on the controversial industry. The... |
| 19.05.2022 | NY Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty | New York's bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land as the state's legislature considers a bill to ban new mining projects that use carbon-based energy sources pendi... |
| 15.12.2021 | Former Marine and South Carolina Politician Raises $200M to Start Bitcoin Mining Company | Former U.S. Marine and 2018 candidate for South Carolina governor John Warren has started Gem Mining after raising over $200 million in institutional capital, according to a statement on Wednesday. The company claims its operations are 92% ... |
| 03.12.2021 | Warren Targets Bitcoin Miner Greenidge’s Environmental Footprint | U.S. Sen. Elizabeth Warren (D-Mass.) questioned the environmental footprint of Greenidge Generation’s (GREE) bitcoin mining operation in New York state in a detailed letter dated Thursday to the publicly traded company’s CEO, Jeffrey Kirt. ... |
| 11.11.2021 | Greenidge Generation to Report Third Quarter 2021 Results | DRESDEN, N.Y., Nov. 11, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) today announced it will release third quarter 2021 financial results on Monday, November 15, 2021. An earnings press release will be issued and a... |
| 18.10.2021 | A New York power plant that mines bitcoin faces big test in governor's office | Greenidge Generation has drawn the ire of several environmental organizations for its massive energy consumption. The groups called on NY Gov. Kathy Hochul to block its permit to operate. Advertisement The signatories highlighted how this w... |
| 09.10.2021 | Will industrial-scale bitcoin mining impact the environment? | The opportunity to make big money is attracting huge investments to industrial-scale bitcoin mining, with thousands of supercomputer mining machines and enormous energy demand – so much energy that some companies are using power plants to f... |
| 15.09.2021 | Greenidge Generation Announces Closing of Merger with Support.com | First Publicly Traded, Vertically Integrated Bitcoin Mining Company that is 100% Carbon Neutral Greenidge Generation Holdings Inc. (GREE) , a vertically integrated bitcoin mining and power generation company, has closed its previously annou... |
| 22.03.2021 | Bitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. (Nasdaq: SPRT) Announce Merger Agreement | DRESDEN, New York & LOS ANGELES--(BUSINESS WIRE)--Mar 22, 2021-- Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”), a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and pow... |
| 22.03.2021 | Greenidge Generation Holdings Inc. Names Ted Rogers to Board of Directors | DRESDEN, New York--(BUSINESS WIRE)--Mar 22, 2021-- Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”), a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation faci... |
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