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Greenidge to Buy 10,000 Miners for Planned South Carolina Facility

The upstate New York-based mining firm announced Wednesday its purchase order for 10,000 S19j Pro bitcoin miners from Bitmain.

Sep 15, 2021 at 12:34 p.m. UTC
Updated Sep 15, 2021 at 3:01 p.m. UTC

Greenidge Generation Holdings said it will buy10,000 crypto mining machines for its planned new facility in Spartanburg, S.C.

  • The upstate New York-based mining firm announced Wednesday its purchase order for 10,000 S19j Pro bitcoin miners from Bitmain.
  • The new units will offer an additional 1 exahash of capacity to the firm’s operations and forms part of its plans to expand to 500 megawatts by 2025 through additional locations such as the one in Spartanburg. An exahash is a measure of the computing power of the heavy-duty computers crypto miners users to process crypto transactions and to mint new bitcoin.
  • In July Greenidge announced its plan for the plant, which will begin mining later this year or early next year with two-thirds of its electricity planned to come from zero-carbon sources such as nuclear power.
  • Today’s purchase order coincides with Greenidge’s listing on Nasdaq, according to an filing with the U.S. Securities and Exchange Commission on Monday. Greenidge’s planned public listing via a merger with IT support provider Support.com was announced in March.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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