Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted July 08, 2021

 

Greenidge Generation said it plans to expand its bitcoin (BTC, +0.11%) mining operations by adding a facility in Spartanburg, South Carolina. It already has an operation in New York.

  • Mining at the site, previously a printing plant, will start later this year or early 2022.
  • Greenidge Generation said it is committed to “environmental leadership” in cryptocurrency operations, and two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power.{mprestriction ids="1,4,9"}
  • It plans to lease the site for 10 years from LSC Communications, an Atlas Holdings company.
  • "This is an important step in Greenidge's strategy to build upon our unique expertise in environmentally sound bitcoin mining at additional locations across the country," CEO Jeff Kirt said.



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