reenidge plans to triple U.S. bitcoin mining capacity

Greenidge Generation Holdings, a prominent cryptocurrency mining center based in upstate New York, has reportedly secured $100 million in funding to fund its growing operations in the United States. According to a statement released Thursday, the company plans to triple the capacity of its data centers to 4.7 EH/s this year, with the vast majority of capacity expansions centered outside the company's original New York location. In addition, Greenidge recently started mining bitcoin at a new location in South Carolina, which, according to the company, had accounted for 15% of its total hash rate after three months.