Greenidge Era Holdings Inc. has expanded its bitcoin mining operations with a brand new website in Mississippi. The location, which went dwell on July 1, 2024, options 2,400 bitcoin miners and is predicted to extend capability additional within the coming months.
Greenidge Provides 2,400 Bitcoin Miners to New Mississippi Facility
Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this 12 months and quickly transitioned it to an operational website utilizing its proprietary Greenidge Pod X infrastructure. The location presently has 8.5 MW of energy capability, with plans to safe an extra 25 MW inside the subsequent 12 months. Greenidge defined to Bitcoin.com Information that the enlargement is a part of the agencyβs broader technique to boost its footprint throughout a number of places.
The Greenidge Pod X, launched in June, is a major factor of this enlargement, in line with the corporate. The pod affords a novel design aimed toward optimizing temperatures, thus enhancing the uptime and longevity of mining gear. Greenidge claims the introduction of Pod X positions Greenidge amongst just a few international producers offering such large-scale mining options.
With the addition of the Mississippi website, Greenidge now operates 4 bitcoin mining services with a complete energy capability of 122 MW and roughly 8,000 miners throughout the U.S. and Canada. The corporate additional famous that it is usually exploring additional alternatives to develop, buy, lease, or promote properties to assist its development technique.
βGreenidge has made large progress reworking our enterprise during the last 12 months, and with the introduction of the Greenidge Pod X, weβve now reached a key inflection level that can additional profit our long-term development trajectory,β Greenidge CEO Jordan Kovler remarked on Thursday.
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