Spartanburg, South Carolina — According to state and local economic development sources Greenidge Generation Holdings plans to invest $264,000,000.00 to build out square feet of new space in Spartanburg. The company plans to occupy the new space at 300 Jones Road in Spartanburg, on or about December 1, 2023. According to the company website Greenidge Generation Holdings Inc. is a vertically integrated bitcoin mining and power generation company with operations in Upstate New York and plans to expand operations to other locations in North America. Boasting an environmentally-sound 106MW natural gas plant that has undergone a remarkable transformation in recent years, Greenidge enjoys significant competitive advantages including low fixed costs, an efficient mining fleet, in-house operational expertise and low power costs due to its access to some of the least expensive natural gas in North America. The company is currently mining bitcoin and contributing to the security and transactability of the bitcoin ecosystem while concurrently meeting the power needs of homes and businesses in its region. Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.

To learn more about Greenidge Generation Holdings, visit http://greenidge.com/

Company Contact:
Jeff Kirt, Chief Executive Officer
https://www.linkedin.com/in/jeff-kirt-784b25208/
315-536-2359

SOURCE: http://www.intelligence360.io
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