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Bitcoin Mining company Greenidge Generation To Go Public With A Wholly-Owned Power Plant
Summary: New York Bitcoin mining company Greenidge Generation announced on Monday that it will merge with Nasdaq-listed power plant Support.com. The two companies have signed a final agreement to conduct stock swap transactions on the basis of the merger, which is expected to be completed in the third quarter of the year. After that, Support.com will ...
New York Bitcoin mining company Greenidge Generation announced on Monday that it will merge with Nasdaq-listed power plant Support.com. The two companies have signed a final agreement to conduct stock swap transactions on the basis of the merger, which is expected to be completed in the third quarter of the year.
After that, Support.com will become a wholly-owned subsidiary of Greenidge, which is expected to become the first listed Bitcoin mining company with a wholly-owned power plant.
Greenidge’s environmentally friendly natural gas power plant has a power of 106 megawatts and currently provides 19 megawatts of mining capacity. By the end of the second quarter of 2021, the capacity is expected to more than double to 41 MW.
By Mary Liu
Tags: Bitcoin,Bitcoin Mining,Greenidge Generation,Nasdaq,Support.com
Link: Bitcoin Mining company Greenidge Generation To Go Public With A Wholly-Owned Power Plant [Copy]
