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Greenidge Generation

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Policy
Regulations
Excavating the Truth Around the Bitcoin Mining Discourse
CoinDesk went to Greenidge Generation to see if testimony and online conversations accurately captured the impact it had on the environment. The reality on the ground was far...
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By Nikhilesh De
May 24, 2023 at 9:28 p.m. UTC
May 24, 2023
RegulationsNewslettersState of CryptoMiningGreenidge Generation
Dresden Mayor Bill Hall (Doreen Wang/CoinDesk)
Policy
Regulations
The Bitcoin Mining Debate Is Ignoring the People Most Affected
Snowballing misinformation has painted an inaccurate and incomplete portrait of a complicated industry – and that is having a real impact on policy.
Dresden Mayor Bill Hall (Doreen Wang/CoinDesk)
By Cheyenne LigonNikhilesh DeDoreen Wang
May 23, 2023 at 5:05 p.m. UTC
May 23, 2023
RegulationsBitcoin MiningGreenidge GenerationMiningExclusive
Bitcoin Mining Controversy and the Case of Greenidge Generation
Video
Bitcoin mining
Bitcoin Mining Controversy and the Case of Greenidge Generation
Greenidge Generation, a bitcoin mining operation in upstate New York, has found itself at the center of state and national debates about the impact crypto mining firms have on...
Bitcoin Mining Controversy and the Case of Greenidge Generation
By CoinDesk Staff
May 23, 2023 at 2:40 p.m. UTC
May 23, 2023
Bitcoin MiningNew YorkcdtvFM ClipGreenidge GenerationNew York StatepackageMining moratorium
Core Scientific's Marble facility in North Carolina. (Core Scientific)
Finance
Core scientific
Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines
The miner signed deals with three firms to host rigs at sites where the Celsius Mining fleet was recently unplugged.
Core Scientific's Marble facility in North Carolina. (Core Scientific)
By Eliza Gkritsi
Apr 28, 2023 at 1:00 p.m. UTC
Apr 28, 2023
Core ScientificGreenidge GenerationMiningBitcoin MiningBankruptcy
Greenidge Generation's facility in Dresden, N.Y. (CoinDesk)
Finance
Mining centers
Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
The deal with investment bank B. Riley includes a share sale and some additional time for repayments.
Greenidge Generation's facility in Dresden, N.Y. (CoinDesk)
By Eliza Gkritsi
Jan 31, 2023 at 1:49 p.m. UTC
Jan 31, 2023
Mining CentersGreenidgeGreenidge GenerationNYDIGDebt
The Greenidge Generation facility in Dresden, New York. (CoinDesk)
Finance
Greenidge
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal for restructuring $74.7 million worth of debt, Greenidge will host NYDIG's new machines.
The Greenidge Generation facility in Dresden, New York. (CoinDesk)
By Eliza Gkritsi
Dec 20, 2022 at 12:43 p.m. UTC
Dec 20, 2022
GreenidgeGreenidge GenerationBitcoin MiningMining CentersBankruptcy
Bitmain mining rigs (Eliza Gkritsi/CoinDesk)
Finance
Greenidge generation
Bitcoin Miner Greenidge Expects Q3 Losses of $20M-$22M Amid CEO Departure
CEO Jeffrey Kirt resigned from his position effective Oct. 7.
Bitmain mining rigs (Eliza Gkritsi/CoinDesk)
By Jamie Crawley
Oct 11, 2022 at 11:03 a.m. UTC
Oct 11, 2022
Greenidge GenerationBitcoin Mining
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
Video
Cdtv
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
U.S. Sen. Elizabeth Warren (D-Mass.) expanded her inquiry of bitcoin miners’ energy usage and their environmental footprint, sending letters Thursday to six more miners, inclu...
Senator Warren Targets 6 More Crypto Miners for Their Energy Use
By CoinDesk Staff
Jan 28, 2022 at 8:02 p.m. UTC
Jan 28, 2022
cdtvHash clipCrypto-MiningBitcoin MiningRiot BlockchainMarathon DigitalElizabeth WarrenGreenidge GenerationenvironnmentChina mining
New York Bitcoin Miner Greenidge Under Fire for Climate Impact
Video
Cdtv
New York Bitcoin Miner Greenidge Under Fire for Climate Impact
U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to bitcoin miner Greenidge Generation’s (GREE) asking for more details about the environmental impact of its mining o...
New York Bitcoin Miner Greenidge Under Fire for Climate Impact
By CoinDesk Staff
Dec 3, 2021 at 8:18 p.m. UTC
Dec 3, 2021
cdtvHash clipMiningElizabeth WarrenGreenidge GenerationGREE