Greenidge expands power capacity by 40 MW with Mississippi land purchase and North Dakota lease

Greenidge Generation Holdings Inc.

Acquired 12-acre Mississippi property for $1.45M, adding 32.5 MW mining capacity; 7 MW deployment in Q2 2024.
Secured 7.5 MW mining lease in North Dakota; miners deploying by April 1, 2024.
Signed EPC contracts in North Dakota and Texas to grow engineering revenue line.
Jan 2024 production: ~150 bitcoin (50 self-mined, 100 hosted); Feb 2024: ~128 bitcoin (41 self-mined, 87 hosted).
Hashrate expected to increase to 2.8 EH/s by April 1, up from 2.6 EH/s in Feb 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenidge Generation Holdings Inc. entered into Motus Agreement with a subsidiary of Motus Pivot Inc. valued at $1.45 million (effective 2024-03-06).

Action: entry
Agreement: asset purchase
Counterparty: a subsidiary of Motus Pivot Inc.
Value: $1.45 million
Effective: 2024-03-06

Exact text from the filing

On March 6, 2024, a subsidiary of Greenidge Generation Holdings Inc. (“ Greenidge ” or the " Company ") entered into a Commercial Purchase and Sale Agreement (the “ Motus Agreement ”) with a subsidiary of Motus Pivot Inc., a Delaware corporation (" Motus "), pursuant to which Greenidge has agreed to purchase from Motus a parcel of land containing approximately 12 acres located in Columbus, Mississippi, including over 73,000 square feet of industrial warehouse space (the “ Property ”).

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419 material agreements filed in the last 30 days. Browse all material agreements →

Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001844971-24-000010

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