GREE

Greenidge Generation Holdings Inc. operates as a vertically integrated cryptocurrency datacenter and power generation company headquartered in Fairport, New York. The company runs a cryptocurrency mining operation primarily focused on Bitcoin mining, powered by its own natural gas-fired power generation facility. Greenidge operates its flagship facility at a former coal power plant in Dresden, New York, which it converted to natural gas and now uses to generate electricity for both cryptocurrency mining operations and sales to the power grid. The company's business model combines low-cost, behind-the-meter power generation with high-performance computing infrastructure for blockchain validation. As of recent reports, the facility has a nameplate capacity of 106 megawatts and houses thousands of specialized mining machines. Greenidge expanded its operations through the acquisition of Support.com in 2021, gaining additional operational capabilities and a public listing on the NASDAQ under ticker GREE. The company positions itself within the growing digital infrastructure sector, emphasizing its carbon-neutral operations through the purchase of carbon offsets. Greenidge faces ongoing regulatory scrutiny regarding its environmental impact and energy consumption, particularly in New York State where permit renewals have become contentious issues. The company continues to navigate the volatile cryptocurrency market while managing operational costs and seeking additional growth opportunities in blockchain infrastructure services.