Greenidge

Kentucky poised to approve tax, energy incentives for cryptocurrency mining

Greenidge to offset bitcoin mining emissions in carbon neutrality bid

The hybrid bitcoin miner and power plant Greenidge Generation Holdings says it will buy carbon offsets in an effort to become carbon neutral starting June 1. The company also said it will redirect some of its profits into renewable energy initiatives, according to a release published Friday.  The New York-based bitcoin mining firm has joined …

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New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

Greenidge Generation, an upstate New York power plant that’s using proprietary facilities to mine bitcoin (BTC), has sold up to 30 percent of its computing power to institutional buyers. The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin …

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