Greenidge Generation Holdings Inc. has recently expanded its bitcoin mining operations by opening a new site in Mississippi, which went live on July 1, 2024. The site features 2,400 bitcoin miners and is expected to increase its capacity even further in the coming months. Greenidge acquired the 12-acre Mississippi property earlier this year and quickly turned it into an operational site using its own Greenidge Pod X infrastructure. The site currently has 8.5 MW of power capacity, with plans to secure an additional 25 MW within the next year. This expansion is part of Greenidge’s strategy to enhance its presence across multiple locations.
The Greenidge Pod X, launched in June, plays a significant role in this expansion. This pod has a unique design that aims to optimize temperatures, thus improving the uptime and longevity of mining equipment. Greenidge claims that the introduction of Pod X positions them as one of the few global manufacturers offering such large-scale mining solutions. With the addition of the Mississippi site, Greenidge now operates four bitcoin mining facilities with a total power capacity of 122 MW and approximately 8,000 miners across the U.S. and Canada. The company is also exploring opportunities for further development, purchasing, leasing, or selling properties to support its growth strategy.
Greenidge CEO Jordan Kovler expressed his excitement about the company’s progress over the past year and the introduction of the Greenidge Pod X, calling it a key milestone that will benefit their long-term growth trajectory. The expansion into Mississippi marks another significant step for Greenidge as they continue to expand their operations and footprint. Readers are encouraged to share their thoughts and opinions on Greenidge’s expansion into Mississippi in the comments section below.
In conclusion, Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations by opening a new site in Mississippi, featuring 2,400 bitcoin miners and plans for further capacity increases. The company’s proprietary Greenidge Pod X infrastructure plays a crucial role in optimizing temperatures and improving equipment uptime. With a total power capacity of 122 MW and approximately 8,000 miners across multiple locations, Greenidge continues to grow and explore new opportunities for expansion. CEO Jordan Kovler is optimistic about the company’s progress and future growth, highlighting the importance of the Greenidge Pod X in their expansion efforts. Share your thoughts on Greenidge’s expansion into Mississippi in the comments below.
