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Greenidge Generations
Country
US
Industry
Financials
Market Cap
Micro Cap
Num. Employees
347
IPO Date
Jul 19, 2000
Country
US
Industry
Financials
Greenidge Generation Holdings Inc is a US-based company operating in Software industry. The company is headquartered in Fairfield, Connecticut and currently employs 347 full-time employees. The company went IPO on 2000-07-19. Greenidge Generation Holdings Inc. is a vertically integrated cryptocurrency datacenter and power generation company. The firm owns and operates facilities at two locations: the Town of Torrey, New York, and Spartanburg, South Carolina. The firm operates through a cryptocurrency datacenter and power generation operations segment. The Company’s cryptocurrency datacenter operations earn bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The firm also owns and operates a 106-megawatt (MW) power facility that is connected to the New York Independent System Operator (NYISO) power grid. The firm sells electricity to the NYISO at all times when its power plant is running and increases or decreases the amount of electricity sold based on prevailing prices in the wholesale electricity market and demand for electricity.
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TipRanks
100%
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