Greenidge Generation Holdings (GREE), a vertically integrated Bitcoin mining and power generation company, is ready to build a new data center in North Carolina. The plan has been approved. Based in Connecticut, the company will invest USD 264 million in the new crypto mining data center. The new facility will be located on 175 acres of land in Spartanburg and will house the most modern and efficient cryptocurrency mining equipment currently available.
The first construction phase is expected to be completed in the second half of 2022, but further expansion will continue until 2025. According to Greenidge, the facility will achieve at least 100 MW of data center capacity when it is fully operational. Greenidge CEO Jeff Kirt also stated that it is an important step towards the company’s goal of building its own carbon-neutral Bitcoin mining business.
“The site is ideal, with an energy mix that is more than 60% carbon-free, opportunities for additional growth, and a business-friendly climate. We’re excited to hire great, local talent immediately and support nearby businesses as we grow our company here in South Carolina, Kirt noted.”
North Carolina officials also warmly welcomed Connecticut-based companies. Manning Lynch, Chairman of the Spartanberg County Council, added that the arrival of Greenwich is in line with the county’s goal of diversifying its development.
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