Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a U.S.-based vertically integrated cryptocurrency datacenter and power generation company headquartered in Dresden, New York (with corporate presence in Fairfield, Connecticut). The company owns and operates natural gas-fired power plants repurposed for Bitcoin mining, emphasizing low-cost energy, efficiency, and carbon neutrality through offsets and low-carbon sources. Greenidge's flagship facility is a 106 MW plant in Upstate New York (formerly coal-fired, converted to natural gas), with expansions into additional sites (e.g., Mississippi, South Carolina). As of mid-2025, Greenidge reported ~122 MW total power capacity across four active sites, ~3.3 EH/s hashrate (mix of self-mining and hosting), fleet efficiency improvements to ~23.8 J/TH, and ongoing miner upgrades (e.g., S21 Pro deployments). The company also sells proprietary Pod X mining infrastructure solutions. Greenidge commits to environmental stewardship, including carbon offsets and renewable investments, while contributing to grid stability. As of December 23, 2025, Greenidge is active with fleet optimizations, site developments, and exploration of growth amid institutional Bitcoin demand.
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In 2010, a pseudonymous miner known as ArtForz launched the first large-scale Bitcoin GPU farm, igniting the mining arms race and permanently altering Bitcoin’s path toward industrialization.




May 2026 Bitcoin Mining & AI Infrastructure Update: Miner stocks explode on AI re-rating (Hut 8 +600% YOY, TeraWulf +800%, IREN surges with Nvidia 5 GW + $3B financing), MARA acquires 505 MW Ohio power plant, TeraWulf advances 285 MW Virginia project, SpaceX discloses $1.45B BTC treasury, plus DMG AI pivot progress, Soluna full ownership of 25 MW Texas site, and Jihan Wu’s solar-mining vision.


