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New York Power Plant Sells 30% Of Its Bitcoin Mining Hashrate To Institutional Buyers

Janelle Fox

Summary: An upstate New York power plant which utilizes proprietary facilities to mine bitcoin (BTC), has sold around 30% of its computing power to institutional buyers. According to an announcement from Greenidge Generation on Friday, the deal, which was brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin mining power ...

An upstate New York power plant which utilizes proprietary facilities to mine bitcoin (BTC), has sold around 30% of its computing power to institutional buyers.

According to an announcement from Greenidge Generation on Friday, the deal, which was brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin mining power to undisclosed buyers consisting of hedge funds and family offices.

By Janelle Fox

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Link: New York Power Plant Sells 30% Of Its Bitcoin Mining Hashrate To Institutional Buyers   [Copy]
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