{"id":56666,"date":"2022-01-27T09:59:14","date_gmt":"2022-01-27T07:59:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56666"},"modified":"2025-09-04T07:35:14","modified_gmt":"2025-09-04T04:35:14","slug":"greenidge-generation-to-invest-264-million-in-new-bitcoin-mining-venture","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/greenidge-generation-to-invest-264-million-in-new-bitcoin-mining-venture\/","title":{"rendered":"Greenidge Generation to invest $264 million in new bitcoin mining venture"},"content":{"rendered":"<p>The mining company Greenidge Generation announced plans to build a data center in South Carolina to mine cryptocurrencies. The investment in the project will total $264 million.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Greenidge Generation Establishing Operations in Spartanburg County, SC <a href=\\\"https:\/\/twitter.com\/search?q=%24GREE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$GREE<\/a><a href=\\\"https:\/\/t.co\/bnHNP7Jmq6\\\">https:\/\/t.co\/bnHNP7Jmq6<\/a><\/p>\n<p>\u2014 Greenidge Generation Holdings Inc (@Greenidge_GREE) <a href=\\\"https:\/\/twitter.com\/Greenidge_GREE\/status\/1485989357244801029?ref_src=twsrc%5Etfw\\\">January 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>It is expected that the Spartanburg County facility will create 40 new jobs. Its power consumption after completion will be at least 100 MW.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The first phase of the project is expected to launch in the second half of 2022. Further expansion will continue through 2025.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In October 2021 the company <a href=\"https:\/\/forklog.com\/en\/news\/greenidge-generation-orders-22500-asic-miners-for-deployment-in-texas-and-south-carolina\">ordered 22,500 ASIC miners<\/a> for deployment at new sites in Texas and South Carolina.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, Greenidge Generation stated that the Spartanburg facility would <a href=\"https:\/\/forklog.com\/en\/news\/greenidge-generation-to-launch-new-green-data-centre-for-bitcoin-mining\">be fully carbon-neutral<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In July 2021, locals <a href=\"https:\/\/forklog.com\/en\/news\/new-york-residents-accuse-greenidge-generation-of-environmental-violations\">accused the company that runs mining operations at a New York state power plant of environmental violations<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Greenidge Generation announced plans to build a data center in South Carolina to mine cryptocurrencies. The investment in the project will total $264 million.<\/p>\n","protected":false},"author":1,"featured_media":56667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,2209,26],"class_list":["post-56666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-greenidge-generation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56666"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56666\/revisions"}],"predecessor-version":[{"id":56668,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56666\/revisions\/56668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56667"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}