Bitcoin (BTC) mining company Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge enter...
Tag: Greenidge
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the sev...
Greenidge Reduces Debt with NYDIG
The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount t...
Greenidge Repays $59 Million Towards $76 Million Debt to NYDIG
21 seconds ago | 2 mins read Bitcoin News Greenidge transferred Bitcoin mining gear and some credits to NYDIG. The loan deal allows for a possible principal amount reduction to about $7 million. Inves...
Crypto Mining Firm Greenidge Generation Hints at Potential Bankruptcy
Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy in the coming weeks if its present deal with NYDI...
Bitcoin Miner Greenidge Will Install Screens in Seneca Lake
Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the US, announced that it will install wire screens on its intake pipes in Seneca Lake. The firm is probably best k...
Bitcoin Miner To Sell Rigs Worth $60M To Cover NYDIG Debt
US bitcoin mining firm Greenridge has entered a non-binding agreement to settle a $74 million debt with NYDIG as concerns mount over its financial longevity. The firm, which controls its own power pla...
Bitcoin miner Greenidge reaches debt restructuring agreement with NYDIG
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74.7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec. ...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a Dec. 20 filing with the United States Securities and Exchange Commission, Bitcoin (BTC) miner Greenidge has reached an agreement with its creditor, fintech firm NYDIG, to restructure ap...
Bitcoin Miner Greenidge Approaches NYDIG to Restructure $74M Debt
Greenidge suffers from serious debts of $74 million. Approaches NYDIG to restructure the debts to avoid bankruptcy for 2023. Greenidge is no longer an independent BTC mining firm. Though the year 20...
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Bitcoin (BTC) miner Greenidge Generation has entered into a $74 million debt restructuring agreement with crypto lender NYDIG, according to a Dec. 20 SEC filing. The restructuring — which is expected ...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet...
Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt. The miner would then...
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal, which is currently in the form of a non-binding term sheet, NYDIG will purchase 2.8 exahash per second (EH/s) worth of Greenidge’s bitcoin mining machines, and extinguish $57 mil...
Bitcoin Price Drop Tests Miners’ Diamond Hands
Bitcoin miners are facing a tough few weeks ahead as meager prices threaten to render the network service unfeasible for anyone but the largest operators. After shedding a quarter of its value through...
Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure
The post Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure appeared first on Coinpedia Fintech News Bitcoin Miner, Greenidge Generation Holdings (GREE) anticipates a GAAP net l...
Greenidge Generation Recruits New Executive Leaders, Forecasts Losses in Q3
Bitcoin mining company and zero carbon power plant supplier Greenidge Generation has announced a transition of leadership and a possible loss in Q3. According to the press release, the CEO, Jeffrey Ki...
Greenidge reshuffles executive ranks, expects further losses in Q3
Greenidge Generation is reshuffling its leadership roster. Jeffrey Kirt left his role atop the Bitcoin mining company, with two executives from forestry products company Millar Western replacing him. ...
Greenidge seeks to raise up to $22.8 million in stock offer
“We currently plan to use the net proceeds from this offering, after deducting B. Riley’s commissions and offering expenses payable by us, for general corporate purposes, which may include, amon...
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the pr...
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge Generation Holdings Inc., a US-based Bitcoin mining company, announced its mining production increased by about 18% in June. According to its monthly operating update released on Monday, Gre...
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake
Greenidge Generation LLC has been denied a renewal of its air permit to continue operating its Bitcoin mining on the shores of Seneca Lake in New York. The New York State Department of Environmental C...
Greenidge Generation’s Bitcoin Mining Operations in New York Still in Doubt
Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmenta...
New York Judge Ruled In Favour Of Cryptocurrencies: Greenidge Wins The Case
Petition filed by a coalition of environmental activists, against the mining activities of Greenidge Generation. Marks the fifth attempt of legal action against the crypto mining firm, specified...
Why does DEC delay the air permit renewal of Greenidge?
The company applied for renewal of its permit is yet to be decided by authority due to several reasons Bitcoin mining company Greenidge applied for its permit renewal, but the authority has delayed it...
Greenidge permit renewal delayed as company debates with regulators
A final decision on the permit renewal for Greenidge’s upstate New York crypto mining facility has been pushed back to June 30. The New York State Department of Environmental Conservation announced on...
Greenidge plans to triple US bitcoin mining capacity after securing $100 million in new financing
advertisement Greenidge Generation Holdings, the owner of a large crypto mining center in upstate New York, has secured $100 million to fund its growing operations in the US. The financing includes an...
Greenidge Secures $100M Fund, Aims to Enlarge Operations in U.S.
Greenidge Generation Holdings has secured $100 million in funds to help in enlarging its operations in the U.S. The total sum included $81.4 million as a loan from an affiliate of NYDIG and $26.5 mill...
Greenidge Crypto Mining Center Heads to South Carolina
Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of So...