Greenidge Generation Holdings provided a bitcoin production update for August of 2024. The Company also highlighted CEO Jordan Kovler’s presentation at the H.C. Wainwright Annual Global Investment Conference, taking place today, September 9 at 10:30AM ET. Greenidge will be filing an updated investor presentation in conjunction with the event. Greenidge produced approximately 55 bitcoin in August, of which 17 bitcoin were produced by Greenidge-owned miners and 38 were produced through our datacenter hosting. Greenidge’s hash rate in August was approximately 2.50 EH/s, with 0.8 EH/s from Greenidge-owned miners and 1.7 EH/s from our datacenter hosting. The Company held 51 Bitcoin as of September 6 . Greenidge anticipates continuing to upgrade its fleet with newer generation miners over the remainder of 2024 and 2025 and securing additional sites for future development.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GREE: