{"id":50672,"date":"2021-10-05T12:12:33","date_gmt":"2021-10-05T09:12:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50672"},"modified":"2025-09-02T19:31:09","modified_gmt":"2025-09-02T16:31:09","slug":"greenidge-generation-mined-729-btc-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/greenidge-generation-mined-729-btc-in-the-third-quarter\/","title":{"rendered":"Greenidge Generation mined 729 BTC in the third quarter"},"content":{"rendered":"

In the third quarter of 2021, the American public mining company Greenidge Generation Holdings mined 729 BTC. The firm said<\/a> in a preliminary report.<\/p>\n

The period’s expected revenue, likely, will be between $33-$37 million with a net loss of $16-$19 million. It is driven by roughly $30 million in costs tied to the merger with Support.com.<\/p>\n

Greenidge announced<\/a> the acquisition of a Nasdaq-listed provider of customer solutions and tech support in March 2021. The deal was closed on September 14<\/a>, with the mining company’s shares listed under the ticker GREE.<\/p>\n

As of September 30, Greenidge operated roughly 15,300 miners with total capacity of 1.2 EH\/s. All equipment is installed at a single facility in the state of New York.<\/p>\n

At quarter-end, Greenidge’s reserves in fiat and digital assets stood at $52 million.<\/p>\n

The company confirmed plans to expand its mining operations by launching a second site<\/a> in South Carolina. It is expected to draw the majority of its energy from green sources.<\/p>\n

As noted, since June Greenidge became carbon-neutral<\/a> through the purchase of CO2<\/sub> emission allowances.<\/p>\n

However, residents of the town of Dresden in New York <\/a> accused the company’s hybrid power plant of negative environmental impact<\/a>.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2021, the American publicly traded mining company Greenidge Generation Holdings mined 729 BTC, according to a preliminary report.<\/p>\n","protected":false},"author":1,"featured_media":50673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,2209,26],"class_list":["post-50672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-greenidge-generation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50672"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50672\/revisions"}],"predecessor-version":[{"id":50674,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50672\/revisions\/50674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50673"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}