Bitcoin mining firm Greenidge expects public NASDAQ listing on September 15

Mining • September 13, 2021, 5:28PM EDT
the block

The merger between the bitcoin mining firm Greenidge Generation Holdings Inc and the technical support company Support.com will be finalized on September 14, according to a Monday release. 

Greenidge and the NASDAQ-listed Support.com had arranged to merge in a stock-for-stock transaction back in March, The Block previously reported. However, the transaction was slated to take place vaguely in Q3, or by the end of September. 

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This most recent development solidifies that the merger will in fact take place on time, with the additional detail that Greenidge Class A common stock with the ticker symbol “GREE” will go live on NASDAQ on September 15. 

Greenidge Generation Holdings is a New York-based bitcoin mining operation that has an estimated 41 MW bitcoin mining capacity and 1.1 EH/s computing power as of June, The Block previously reported. 

The firm pledged to go carbon neutral through carbon offsetting in June of this year, and announced its plan to expand bitcoin mining operations into South Carolina in July.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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