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Greenidge Generation Holdings Inc

1.27

-0.02 (-1.55%)

Last Update: 01 Jul 2025 23:00:00

Yesterday: 1.29

Day's Range: 1.23 - 1.34

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Greenidge Generation Holdings Inc. is a publicly traded company that owns and operates a natural gas-fired power plant in Dresden, New York. The company was originally founded in 1937 as an electric utility, and has since evolved into a power generation and energy services company. In addition to its power plant, Greenidge also offers energy management and consulting services to commercial and industrial customers.

Greenidge has recently gained attention for its decision to mine Bitcoin using excess electricity from its power plant. The company has invested in a large number of Bitcoin mining rigs, which it uses to generate revenue by solving complex mathematical equations in exchange for new Bitcoin. This has led to controversy, as some environmental groups have criticized the company for contributing to the carbon footprint of Bitcoin mining.

Despite this controversy, Greenidge has continued to expand its Bitcoin mining operations and has plans to build additional mining facilities in the future. The company also recently announced plans to go public through a merger with Support.com, a technology support services company.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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