Greenidge Generation expands Bitcoin mining in Mississippi
In a post on Platform X, Greenidge said it has 2,400 Bitcoin miners on site and expects to increase capacity in the coming months. Greenidge has plans to achieve at least 25 MW of additional capacity over the next year
Greenidge Generation Holdings has expanded its Bitcoin mining capabilities in Mississippi following the launch of a new site. The cryptocurrency data center and power generation company acquired the 12-acre property in Mississippi earlier this year and built a site using its Greenidge Pod X.
The site went live on July 1. In a post on the X platform, Greenidge revealed the site has a deployment of 2,400 Bitcoin miners and expects to increase capacity in the coming months.
The firm wants to explore other opportunities
The company expects to deploy the first shipment of Antminer S21 Pro Bitcoin miners across active sites. This will also further increase its mining capacity.
Greenidge currently has access to 8.5 MW of energy at the site but there are plans to reach at least 25 MW of additional power within the next year to further boost its overall power capacity. Plans are underway to complete the planned lease of the on-site warehouse beginning of September.
This comes as the company indicated it wants to explore other opportunities to develop, purchase lease or sell properties to bolster its growth strategy.
“We look forward to increased utilization of our pod and infrastructure solution within the industry to help propel our growth.”
Greenidge.
“With potential future expansion of at least 25 MW in Mississippi, other drivers for growth are on the horizon,” added the company.
With the addition of Mississippi, the company now has 122 MW of total power across four Bitcoin mining facilities in the US and Canada with about 8,000 miners in operation.
