Greenidge Generation Holdings, a massive cryptocurrency mining hub in upstate New York, has secured $100 million in funding to fund its growing operations in the United States.
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, according to a statement released Thursday.
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.
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