March 10, 2020

Power plant mines 5.5 BTC per day

Greenidge Generation, a natural gas power plant near the town of Dresden, New York, announced it had successfully installed a mining farm in its facility. Comprised of nearly 7,000 mining rigs and powered by electricity generated on-site, the facility can mine an average of 5.5 bitcoins (BTC) every day.

“Due to our unique position as a co-generation facility, we are able to make money in down markets so that we’re available to catch the upside of volatile price swings” - Tim Rainey, Greenidge’s chief financial officer. finance.yahoo.com/...

Aaron Payas, CFA

Head of Funds, Partner

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