Greenidge Generation announces continued expansion of power capacity

Greenidge Generation announced that it continues to expand its U.S. footprint capacity and has secured access to 60 MW of low-cost power in South Carolina. This follows the Company’s recently announced acquisition of 32.5 MW of mining capacity in Mississippi and 7.5 MW of mining capacity in North Dakota, bringing the total new power capacity added this past month to approximately 100 MW. Greenidge CEO Jordan Kovler commented: “With our recent addition of 100 MW of total power capacity, we continue to demonstrate the positive progress we are making at Greenidge. This power delivery agreement builds on the growth we recently announced in Mississippi and North Dakota, and it shows our clear focus on increasing profitability through steps that have the potential to transform our business as we expand our footprint across the country. In the coming months, we will execute on the development of these sites while continuing to find additional opportunities that allow us to grow.”