Greenidge Generation Holding plans to develop a bitcoin mining operation in South Carolina. It would start operation in late 2021 or early 2022.
In an announcement, Greenidge Generation said it would be operating in a carbon-neutral crypto mining facility in Spartanburg, South Carolina. The company is already having an operation in New York. The company intends to locate a second fully carbon Neutral cryptocurrency mining operation in Spartanburg.
The bitcoin mining company signed a letter to leasing the site for ten years from LSC communications, an Atlas Holdings company. It was a printing plant with a capacity of roughly 80MW of power.
Also Read: North American HUT 8 Mining Purchase 12000 New MicroBT Miners
Two thirds of the electricity at Greenidge is produced from zero-carbon sources, including nuclear power. It will make a record in New York State of operating a fully neutral mining business. It has also announced earlier that it will invest a portion of its mining profits in renewable energy projects.
“This is an important step in Greenidge’s strategy to build upon our unique expertise in environmentally sound bitcoin mining at additional locations across the country,” said Jeff Kirt, Chief Executive Officer of Greenidge.
