Greenidge Generation to list on Nasdaq via reverse merger

The Greenidge Generation Holdings group, which includes the Bitcoin-mining hybrid power plant, is preparing to list on the Nasdaq stock market via a merger with client-solutions provider Support.com.

Some exciting news about our holding company, Greenidge Generation Holdings Inc. Click here for more. https://t.co/0itkwBwz3w

— Greenidge Generation (@GreenidgeLLC) March 22, 2021

Support.com is currently listed on Nasdaq. As of writing, the company’s market capitalization stood at $41.5 million.

The two companies signed a merger agreement under certain conditions, including the approval of Support.com’s shareholders. Upon closing, the solutions provider will join the holding company.

Its subsidiary is Greenidge Generation—a hybrid power plant located in northern New York. In April 2020, the facility signed its first regulated contract to sell computing power for Bitcoin mining.

In December 2020, three environmental organisations and more than 20 residents of Torri filed a lawsuit against the local administration and Greenidge Generation.

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