Greenidge Generation Holdings Inc. announced that it continues to expand its U.S. footprint capacity and has secured access to 60 MW of low-cost power in South Carolina. This follows the Company?s recently announced acquisition [1] of 32.5 MW of mining capacity in Mississippi and 7.5 MW of mining capacity in North Dakota, bringing the total new power capacity added this past month to approximately 100 MW. Greenidge?s expansion in South Carolina flows from a new agreement for anticipated electric services of a peak electrical load of 60 MW to be developed on 20 acres of a 150-acre parcel of property owned in Spartanburg, South Carolina.

In the coming months, Greenidge intends to leverage the site?s power capacity, optimal footprint and infrastructure for the development of a GPU data center, with plans to activate the site by June 2025. In tandem, Greenidge will also commission a study to evaluate the timing and cost associated with the potential addition of 250 MW on the remaining 130 acres of the property in South Carolina.