Greenidge Generation Provides June 2022 Operational Update

Rhea-AI Summary

June 2022 Operational Update

Greenidge Generation Holdings Inc. (NASDAQ: GREE) reported producing approximately 230 bitcoin in June 2022, totaling 1,183 bitcoin for the first half of the year. The company's hashrate capacity stood at about 2.5 EH/s from around 27,500 miners, with an additional 200 miners in transit. Notably, 24% of this capacity is located at their Spartanburg, SC facility, operational since December 2021. Greenidge is focused on achieving 100% carbon-neutral datacenter operations.

Positive

• Produced approximately 230 bitcoin in June 2022, totaling 1,183 bitcoin for H1 2022.
• Achieved hashrate capacity of approximately 2.5 EH/s from around 27,500 miners.
• 24% of total hashrate located at Spartanburg, SC facility, enhancing operational capacity.

Negative

• None.

June 2022 Operational Update

• Produced approximately 230 bitcoin in June 2022 and 1,183 bitcoin for the six months ended June 30, 2022.
• Hashrate capacity of approximately 2.5 EH/s from approximately 27,500 miners as of June 30, 2022
• 24% of hash rate capacity located at Spartanburg, SC facility

FAIRFIELD, Conn., July 11, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today provided an operational update for the month of June 2022.

During the month of June 2022, Greenidge produced approximately 230 bitcoin, bringing the total bitcoin production for the six months ended June 30, 2022 to 1,183. As of June 30, 2022, Greenidge had approximately 2.5 EH/s of mining capacity from approximately 27,500 miners and an additional 200 miners in transit. Approximately 24% of the hashrate capacity was located at Greenidge's facility in Spartanburg, SC which was acquired and commenced operations in December 2021.

About Greenidge Generation Holdings Inc.

Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated cryptocurrency datacenter and power generation company. Greenidge is committed to 100% carbon-neutral datacenter operations at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.

For further information, please contact:

Investor Relations
investorrelations@greenidge.com

Media Inquiries
media@greenidge.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/greenidge-generation-provides-june-2022-operational-update-301583222.html

SOURCE Greenidge Generation Holdings Inc.

FAQ

What was Greenidge's bitcoin production in June 2022?

Greenidge produced approximately 230 bitcoin in June 2022.

What is Greenidge's total bitcoin production for the first half of 2022?

The total bitcoin production for Greenidge in H1 2022 was 1,183 bitcoin.

What is the hashrate capacity of Greenidge as of June 30, 2022?

Greenidge's hashrate capacity was approximately 2.5 EH/s as of June 30, 2022.

Where is Greenidge's mining facility located?

Greenidge has a facility located in Spartanburg, SC, which accounts for 24% of their hashrate capacity.

What is Greenidge's commitment towards carbon neutrality?

Greenidge Generation is committed to 100% carbon-neutral datacenter operations.