The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs.
Bitcoin miner Greenidge set for Nasdaq listing through merger
The merger is expected to push through as of market close on Sept. 14, with Greenidge slated to begin trading on the NASDAQ the following day.
Greenidge Generation will use BTC mining profits to build solar farm
According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm.
Greenidge plans to expand mining operations to South Carolina
According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources.