Greenidge Signs Hosting Agreement with Core Scientific for 6,914 Greenidge-Owned Miners to Be Operated at Core Scientific's Facilities in
Greenidge Announces the Installation of 1,500 Additional Miners in its Existing Facilities Across the Country
Initiatives Represent Incremental Annual Profit of ~
"The agreement with Core Scientific completes this phase in our strategy to deploy 9,150 miners Greenidge owns, and we believe this agreement will significantly improve our profitability as we move forward," said
"In addition, our team has shown tremendous creativity in constructing new miner slots at our facilities across the country, allowing us to capitalize on low natural gas prices in the
"Greenidge is a proven operator in this industry, and we're excited to partner with them and host their miners," said Matt Minnis, Co-Founder of Core Scientific. "We believe this is a win-win for Core and Greenidge."
- One-year agreement between Greenidge and Core Scientific to host miners owned by Greenidge.
- Includes a proceed-sharing component to recognize the contribution of miners by Greenidge and the infrastructure and operating expertise provided by Core Scientific.
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