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NY Supreme Court allows Greenidge to keep mining, but challenges remain
15.11.2024
The state Department of Environmental Conservation botched the permitting process, but it still gets a do-over
Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings
19.8.2024
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business...
Greenidge Expands Bitcoin Mining Operations in Mississippi
11.7.2024
Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to...
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
Excavating the Truth Around the Bitcoin Mining Discourse
24.5.2023
Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found...
The Bitcoin Mining Debate Is Ignoring the People Most Affected
23.5.2023
Environmentalists and anti-mining lawmakers debating bitcoin mining facility Greenidge Generation’s impact use rhetorically persuasive arguments that aren’t backed by reality. But so do the bitcoiners supporting the powerplant-turned-mining facility. And the debate does not solve the very real...
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
28.4.2023
The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from
Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
31.1.2023
The deal with B. Riley will push off repayment dates and use Greenidge stock to pay off some of the funds
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
31.1.2023
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
20.12.2022
The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
20.12.2022
Under the deal for restructuring $74.7 million of debt, Greenidge will host NYDIG's new machines
Bitcoin Miner Greenidge Expects Q3 Losses of $20M-$22M Amid CEO Departure
11.10.2022
Bitcoin (BTC) miner Greenidge Generation Holdings' (GREE) CEO expects to record a GAAP net loss of between $20 and $22 million for the third quarter
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal
7.10.2022
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with...
Crypto News Summary: Hiro Integrates w/ Ledger, SWIFT Lays Out Global CBDC Blueprint, Greenidge Generation Looking to Raise up to $22.8M
6.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Hiro Integrates w/ Ledger, SWIFT Lays Out Global CBDC Blueprint, Greenidge Generation Looking to Raise...
Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement
27.8.2022
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and...
Bitcoin Miner Greenidge Generation Shares Fall as Revenues Miss Estimates
15.8.2022
The company said the combination of falling bitcoin prices and high global energy prices presented a “challenging earnings environment.”
Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’
12.8.2022
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power...
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
11.8.2022
On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate...
New York Environmental Regulators Deny Greenidge’s Power Plant Permit
30.6.2022
The New York State Department of Environmental Conservation (NYSDEC) has denied bitcoin mining operation Greenidge Generation’s application to renew an air permit required to continue operating in New York