Greenidge Expands Bitcoin Mining Capabilities With Launch Of Mississippi Site And Deployment Of 2,400 Miners That Went Live On July 1, 2024

7/11/24 9:14:13 AM ET

$GREE

Finance: Consumer Services

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Demonstrates Competitive Edge of Greenidge's Best-in-Class Pod X Mining Infrastructure Solution

Plans to Expand Site's Power Access By At Least 25 MW in Next 12 Months

Grows Greenidge's Current Footprint to 4 Active Bitcoin Mining Sites with 122 MW of Current Total Power Capacity

Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that it has expanded its bitcoin mining capabilities with the launch of its newest bitcoin mining site located in Mississippi. The site went live on July 1, 2024 with 2,400 bitcoin miners that Greenidge deployed from its fleet. In the coming weeks, Greenidge also expects to deploy its first shipment of Antminer S21 Pro bitcoin miners across its active sites to further increase its mining capacity.

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Date	Price Target	Rating	Analyst
3/25/2022	$10.00	Hold	Stifel
9/29/2021	$78.00	Buy	B. Riley Securities

Greenidge Expands Bitcoin Mining Capabilities With Launch Of Mississippi Site And Deployment Of 2,400 Miners That Went Live On July 1, 2024

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Stifel initiated coverage on Greenidge Generation with a new price target

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