Greenidge Sells South Carolina Land and Power Rights as Bitcoin Mining Footprint Shrinks
Bitcoin miner and power provider Greenidge Generation is selling its remaining land holdings in Spartanburg, South Carolina, along with rights to 60 MW of future electrical service.
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IREN Plans $2B Convertible Issuance, Adds Equity Sale as Bitcoin Miners Deleverage
IREN plans to raise $2.3 billion through new convertible bonds and a concurrent equity sale, aiming to reduce portions of its outstanding debts as bitcoin’s hashprice hovers near all-time lows.
Miner Weekly: Bitcoin Mining’s Toughest Margin Crunch
Bitcoin mining has entered the harshest margin environment of all time with hashprice slipping to $35/PH/s. At this level, profitability stress is no longer theoretical; it’s systemic.
Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine
Greenidge Generation's power facility and bitcoin mine in Dresden, New York, has been taken fully offline after an electrical switchgear malfunction caused a fire.
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