Greenidge – DIGIT INFO

Greenidge Expands Bitcoin Mining Operations in Mississippi

DIGIT — Thu, 11 Jul 2024 18:50:57 +0000

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 New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre […]

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Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt

DIGIT — Wed, 21 Dec 2022 15:30:33 +0000

On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]

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Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG

DIGIT — Tue, 20 Dec 2022 20:30:39 +0000

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, and Greenidge further entered into a hosting deal with NYDIG for the same 2.8 […]

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Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG

DIGIT — Tue, 20 Dec 2022 15:06:38 +0000

The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs.

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Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

DIGIT — Sun, 23 Jan 2022 22:30:59 +0000

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest […]

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Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner

DIGIT — Wed, 08 Dec 2021 23:00:04 +0000

The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin […]

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Elizabeth Warren Queries Bitcoin Mining Operation, US Senator Says Crypto Miners Raise Environmental Concerns

DIGIT — Fri, 03 Dec 2021 23:30:13 +0000

Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The […]

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Meet the Antminer S19 XP — Bitmain Reveals ASIC Manufacturer’s Most Powerful Bitcoin Miner

DIGIT — Fri, 12 Nov 2021 14:30:37 +0000

At the World Digital Mining Summit in Dubai, the leading application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer, Bitmain, revealed the company’s most powerful bitcoin mining device to date. The new Antminer S19 XP will boast up to 140 terahash per second (TH/s) and uses 27% less electricity per terahash than the most efficient and […]

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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

DIGIT — Mon, 18 Oct 2021 15:30:27 +0000

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess […]

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Bitcoin miner Greenidge set for Nasdaq listing through merger

DIGIT — Tue, 14 Sep 2021 02:17:48 +0000

The merger is expected to push through as of market close on Sept. 14, with Greenidge slated to begin trading on the NASDAQ the following day.

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