Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility

Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this year and rapidly transitioned it to an operational site using its proprietary Greenidge Pod X infrastructure.

Greenidge Generation Holdings Inc. (Nasdaq: GREE) has announced the addition of a new bitcoin mining site in Mississippi, expanding its operations with 2,400 bitcoin miners. The site, which commenced operations on July 1, 2024, is part of Greenidge’s strategy to increase its footprint across multiple locations.

Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this year and swiftly transitioned it to an operational site utilizing its proprietary Greenidge Pod X infrastructure. The site currently has 8.5 MW of power capacity, with plans to secure an additional 25 MW within the next 12 months.

“Greenidge has made tremendous progress transforming our business over the last 12 months, and with the introduction of the Greenidge Pod X, we’ve now reached a key inflection point that will further benefit our long-term growth trajectory,” stated Greenidge CEO Jordan Kovler.

The Greenidge Pod X, which was launched in June, is a significant component of this expansion. The pod features a unique design that optimizes temperatures, thus improving the uptime and longevity of mining equipment. According to Greenidge, the introduction of Pod X positions Greenidge among a few global manufacturers to offer such large-scale mining solutions.

With the addition of the Mississippi site, Greenidge now operates four bitcoin mining facilities with a total power capacity of 122 MW and approximately 8,000 miners across the U.S. and Canada. The company further noted that it is also exploring further opportunities to develop, purchase, lease, or sell properties to support its growth strategy.

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