April 24, 2025
Blockchain

Greenidge Generation Increases Bitcoin Mining by 18%

  • July 12, 2022
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In June, the American mining company Greenidge Generation Holdings mined about 230 BTC. This is about 18% more than the previous month. The firm also increased the hash

In June, the American mining company Greenidge Generation Holdings mined about 230 BTC. This is about 18% more than the previous month.

The firm also increased the hash rate to 2.5 EH/s. By the end of May, the rate was 1.7 EH/s.

As of June 30, Greenidge’s fleet of 27,500 miners was expecting delivery of another 200 units. About 24% of the company’s computing capacity is located at its Spartanburg facility in South Carolina.

In early June, environmentalists and New York City Congresswoman Anna Kelles urged Governor Kathy Hokul to revoke Greenidge’s mining permit.

At the end of the month, the New York State Department of Environmental Protection rejected a pending application to renew the company’s current operating permit. Greenidge said the Dresden facility will continue to operate while the firm appeals the authority’s decision in court.

Previously, both houses of the New York House supported a bill on a two-year moratorium on mining cryptocurrencies using electricity generated from carbon sources. The document is signed by the governor.

According to Kelles, who initiated the bill, it does not prohibit mining of digital assets and will affect a limited number of power plants.

Greenidge mines at a hybrid power plant on the shores of Seneca Lake.

Recall that in 2021 the company faced accusations that it had a negative impact on the environment. In 2022, the New York Supreme Court dismissed environmentalists’ claims against Greenidge.

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Source: Fork Log

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