Greenidge Generation will install 22,500 more ASIC miners in Texas and South Carolina

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Greenidge Generation will increase bitcoin mining by expanding farms in Texas and South Carolina. For this, the company orders 22,500 Antminer S19j Pro from Bitmain.

Mining company Greenidge Generation plans to expand capacity in Texas and buys a site in South Carolina. V
the announcement the company is said to be entering into an agreement to build new data centers in Texas.

In addition, Greenidge Generation will acquire an object of the printing company LSC Communications in South Carolina for $ 15 million, initially it was planned to lease this site. The deal is projected to be completed by early December this year. The company agreed that it could be located at six sites in Texas and locate its data centers there. The total capacity of the facilities will be 2,000 MW, some of which have access to wind and solar energy.

Greenidge has increased the order volume for S19j Pro ASIC miners from Bitmain from 10,000 to 22,500 units. The company’s total order size is 29,000 miners, which should be delivered by Q3 2022. After the deployment of 44,950 ASIC miners, the total capacity of each of them will be 4.1 Eh / s and 130 MW.

In early October, the company published a report on the results of operations for the period from July to September 2021. Net revenues range from $ 33 million to $ 37 million, and Greenidge Generation’s losses are related to the merger with Support.com.

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