Greenidge announces expansion of power capacity with 40 MW of low-cost power

Greenidge Generation Holdings announced that it has expanded its U.S. footprint with access to 40 MW of low-cost power through property expansions in Mississippi and North Dakota. Greenidge purchased 12 acres with 32.5 MW of mining capacity in Mississippi and is in the process of deploying 7 MW of miners in Q2. By April 1, the Company intends to deploy additional miners in conjunction with a 7.5 MW mining capacity lease in North Dakota. Greenidge also signed Engineering, Procurement, and Construction Management contracts in North Dakota and Texas, which are expected to increase revenue in a growing business line for Greenidge… Greenidge’s hash rate in January was approximately 2.4 EH/s, with 0.8 EH/s from Greenidge-owned miners and 1.6 EH/s from our datacenter hosting. In February Greenidge produced approximately 128 bitcoin, of which 41 bitcoin were produced by Greenidge owned miners and 87 were produced through our datacenter hosting. Greenidge’s hash rate in February was approximately 2.6 EH/s, with 0.8 EH/s from Greenidge owned miners and 1.8 EH/s from our datacenter hosting. Greenidge’s hash rate is expected to increase to 2.8 EH/s by April 1 as a result of deploying over 2,100 of its miners . Moving forward, Greenidge will report its Bitcoin mined on a monthly basis, in response to shareholder feedback.