GREENIDGE GENERATION HOLDING (GREE)

Company Profile

Greenidge Generation Holdings, Inc. owns and operates a vertically integrated Bitcoin mining and power generation facility. The company is headquartered in Fairfield, Connecticut and currently employs 347 full-time employees. The company went IPO on 2000-07-19. The firm owns and operates facilities at two locations: the Town of Torrey, New York, and Spartanburg, South Carolina. The firm operates through a cryptocurrency datacenter and power generation operations segment. The Company’s cryptocurrency datacenter operations earn bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The firm also owns and operates a 106-megawatt (MW) power facility that is connected to the New York Independent System Operator (NYISO) power grid. The firm sells electricity to the NYISO at all times when its power plant is running and increases or decreases the amount of electricity sold based on prevailing prices in the wholesale electricity market and demand for electricity.

Company Info

GREENIDGE GENERATION HOLDING

135 Rennell Drive, 3rd Floor

Fairfield CONNECTICUT

CEO: Jeffrey Kirt

Employees: 347

Website: http://www.greenidge.com