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Company details

Greenidge Generation Holdings Inc. is a diversified power generation company that focuses primarily on the production of electricity through its natural gas-powered facility. The company's core business involves leveraging its unique position in the energy sector by combining traditional power generation with a focus on cryptocurrency mining, specifically Bitcoin. Operating in industries that span energy and digital currency, Greenidge Generation Holdings plays a pivotal role in facilitating blockchain operations while contributing to the power grid. Based in Dresden, New York, the facility is known for its ability to run high-efficiency turbines that significantly lower emissions compared to older fossil fuel plants. By integrating blockchain technology with energy production, Greenidge provides a dual service: offering substantial electricity to the regional grid and processing power for Bitcoin mining. This dual operating model enables Greenidge Generation Holdings Inc. to situate itself at the cutting edge of both conventional energy production and evolving digital asset infrastructure, marking its significance in both sectors.