Greenidge Generation Provides May 2022 Operational Update

Rhea-AI Summary

May 2022 Operational Update

Greenidge Generation Holdings Inc. (NASDAQ: GREE) reported operational results for May 2022, producing approximately 195 bitcoin. As of May 31, 2022, the company had mining capacity of about 1.7 EH/s, supported by around 20,400 miners. Notably, 25% of this capacity is based in Spartanburg, SC, which began operations in December 2021. Greenidge aims for 100% carbon-neutral datacenter operations by utilizing low-carbon energy sources.

Positive

• Produced approximately 195 bitcoin in May 2022.
• Achieved a mining capacity of 1.7 EH/s from about 20,400 miners.
• 25% of mining capacity based in Spartanburg, SC, enhancing operational footprint.
• Commitment to 100% carbon-neutral operations.

Negative

• None.

May 2022 Operational Update

• Produced approximately 195 bitcoin in May 2022
• Approximate 1.7 EH/s of mining capacity from approximately 20,400 miners as of May 31, 2022
• 25% of hash rate capacity located at Spartanburg, SC facility

FAIRFIELD, Conn., June 8, 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 May 2022.

During the month of May 2022, Greenidge produced approximately 195 bitcoin. As of May 31, 2022, Greenidge had approximately 1.7 EH/s of mining capacity from approximately 20,400 miners. Approximately 25% of the 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.

 

View original content:https://www.prnewswire.com/news-releases/greenidge-generation-provides-may-2022-operational-update-301563819.html

SOURCE Greenidge Generation Holdings Inc.

FAQ

How much bitcoin did Greenidge produce in May 2022?

Greenidge produced approximately 195 bitcoin in May 2022.

What is Greenidge's mining capacity as of May 2022?

As of May 31, 2022, Greenidge had a mining capacity of approximately 1.7 EH/s.

Where is Greenidge's mining capacity located?

Approximately 25% of Greenidge's mining capacity is located at its facility in Spartanburg, SC.

What is Greenidge's goal for its datacenter operations?

Greenidge aims for 100% carbon-neutral datacenter operations by utilizing low-carbon energy sources.