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Greenidge Mining Carbon Facility – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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Greenidge Mining Carbon Facility - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

According to a press release, Greenidge Generations Holdings, Inc. intends to establish a second bitcoin mining operation in South Carolina. The facility will be entirely carbon neutral.

“The site, a retired printing plant, previously drew approximately 80MW of power and has expansion potential beyond that capacity,” states the release.

The move contributes to a growing trend of increasing investment in renewable energy, a positive in terms of the public perception of bitcoin mining.

“Approximately two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power, making it an attractive location for Greenidge,” according to the release. It goes on to state, “Greenidge has committed to offsetting the operation’s remaining carbon footprint, building on its record in New York State of operating a fully carbon neutral mining business.”

First published here

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