Greenidge Era Holdings Inc. has expanded its bitcoin mining operations with a brand new web site in Mississippi. The location, which went reside 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 web site utilizing its proprietary Greenidge Pod X infrastructure. The location at present has 8.5 MW of energy capability, with plans to safe a further 25 MW throughout the subsequent 12 months. Greenidge defined to Bitcoin.com Information that the enlargement is a part of the agency’s broader technique to boost its footprint throughout a number of areas.
The Greenidge Pod X, launched in June, is a significant factor of this enlargement, based on the corporate. The pod presents a novel design geared toward optimizing temperatures, thus bettering the uptime and longevity of mining tools. Greenidge claims the introduction of Pod X positions Greenidge amongst a couple of international producers offering such large-scale mining options.
With the addition of the Mississippi web site, 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’s also exploring additional alternatives to develop, buy, lease, or promote properties to help its progress technique.
“Greenidge has made great progress remodeling our enterprise during the last 12 months, and with the introduction of the Greenidge Pod X, we’ve now reached a key inflection level that may additional profit our long-term progress trajectory,” Greenidge CEO Jordan Kovler remarked on Thursday.
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