Greenidge
Greenidge operates as a vertically integrated cryptocurrency datacenter and power generation company, focusing on clean power and blockchain services, including bitcoin mining.
Services
Greenidge operates as a vertically integrated cryptocurrency datacenter and power generation company. The company provides clean power and blockchain services. By engaging in bitcoin mining, Greenidge supports the security, stability, sustainability, and decentralization of the bitcoin blockchain.
Facilities and Operations
Greenidge operates a facility in Dresden, New York, which was converted from a coal-fired power plant to a natural gas power plant. This conversion has significantly reduced carbon emissions. Additionally, the company runs a data center in South Carolina on a 175-acre site. The site is planned to have at least 100 MW of mining capacity, powered mainly from zero-carbon sources. Greenidge has secured access to 60 MW of low-cost power in South Carolina to support its expansion.
Environmental Impact
Greenidge invests profits from its operations into renewable energy projects in New York State. This commitment to investing in renewable energy underscores the company's dedication to reducing carbon emissions and supporting sustainable energy solutions.
Investment Initiatives
Greenidge has announced a $6 million investment to support its ongoing business transformation. This investment is part of the company’s strategy to expand its facilities, upgrade its infrastructure, and enhance its service offerings in the cryptocurrency and power generation sectors.