Greenidge Generation adds over 7,000 miners for an increase of .8 EH/s!

-Greenidge Generation mined 230 Bitcoins in June, an 18% increase over the 195 BTC mined in May. In total they have mined 1,183 BTC for the first half of 2022.

-They currently hold 27,500 miners with another 200 still in transit.

-Recently NY state denied renewal of Greenidge’s Title V Air Permit for the Dresden, NY facility. The company stated this have no impact on operations there.

The company also stated: “Our Dresden facility represents a remarkably insignificant 0.2% of New York’s target GHG emissions level for 2030, and we have already reduced our GHG emissions at the facility by 70% when compared to the reference date of 1990 in the CLCPA. It is absurd for anyone to look at these facts and rationally claim that renewing this specific permit -- for a facility that makes up a small fraction of the state’s electricity generation capacity -- would impede New York’s long term climate goals. It simply would not. "

-As of early morning 7/11/2022 Greenidge Generation has a market cap of $108.795M and is trading at $2.62 a share.

-Wallstreetzen lists GREE as undervalued based on Discounted Cash Flow modelling, by 43.38%. Their fair value for the stock is listed as $4.96.

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