Greenidge Generation Reports Production and Mining Results for December 2021

Greenidge Generation Holdings Inc. (NASDAQ: GREE) reported significant growth in bitcoin production for December 2021, achieving 609 BTC, a 168% increase from the same period in 2020.

Rhea-AI Summary

Greenidge Generation Holdings Inc. (NASDAQ: GREE) reported significant growth in bitcoin production for December 2021, achieving 609 BTC, a 168% increase from the same period in 2020. For the full year, total production reached 1,866 BTC. The company ended the year with approximately 17,300 miners, delivering a hashrate of 1.4 EH/s, up from 6,900 miners and 0.4 EH/s in 2020. Greenidge has an order book of about 31,700 additional miners to be delivered by September 2022, which will increase its capacity to approximately 49,000 miners and a hashrate of 4.7 EH/s.

Positive

• 609 BTC produced in December 2021, up 168% year-over-year.
• Total BTC production for 2021 was 1,866 BTC.
• Current hashrate increased to 1.4 EH/s with 17,300 miners.
• Future capacity expected to reach 49,000 miners and 4.7 EH/s.

Negative

• None.

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FAIRFIELD, Conn., Jan. 7, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced bitcoin ("BTC") production and mining capacity for December 2021.

For the three months ended December 31, 2021, Greenidge produced 609 BTC, an increase of 168% from the fourth quarter of 2020.  For the year ended December 31, 2021, Greenidge produced 1,866 BTC.

Greenidge ended the year with approximately 17,300 miners delivered with an aggregate hashrate of 1.4 EH/s.  This compares to approximately 6,900 miners with an aggregate hashrate of 0.4 EH/s at the end of 2020.

Greenidge's current order book consists of approximately 31,700 miners scheduled for shipment by September 2022.  When the order book is fully deployed, the company expects to have approximately 49,000 miners in service with a hashrate of 4.7 EH/s.

About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated bitcoin mining and power generation company. Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.

 

View original content:https://www.prnewswire.com/news-releases/greenidge-generation-reports-production-and-mining-results-for-december-2021-301456173.html

SOURCE Greenidge Generation Holdings Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Greenidge's bitcoin production figures for December 2021?

Greenidge produced 609 BTC in December 2021, a 168% increase from December 2020.

What is Greenidge's total bitcoin production for 2021?

Greenidge produced a total of 1,866 BTC for the year ended December 31, 2021.

How many miners does Greenidge currently operate?

Greenidge ended 2021 with approximately 17,300 miners in operation.

What is Greenidge's expected mining capacity by September 2022?

Greenidge has an order book for about 31,700 additional miners, aiming for a total of 49,000 miners and a hashrate of 4.7 EH/s.