Greenidge Generation Announces Plans To Establish Operation In Spartanburg

New plans for a new cryptocurrency datacenter in Spartanburg, South Carolina, have been unveiled by Greenidge Generation Holdings Inc., a firm that is vertically integrated in bitcoin mining and power generation.

According to the company, the $264 million investment would result in the creation of 40 new jobs in the technology field.

Greenidge Generation’s Upstate operations will be located on 175 acres at 300 Jones Road in Spartanburg and will contain some of the most advanced and efficient cryptocurrency mining computers on the market.

“We are extremely excited to announce our commitment to expand our business to Spartanburg, and we’re grateful for the welcome and support we have received from the state and our local community. This is a significant step in Greenidge’s strategy to build upon our unique expertise at new locations across the country. This site is ideal, with an energy mix that is more than 60% carbon-free, opportunities for additional growth, and a business-friendly climate. We’re excited to hire great, local talent immediately and support nearby businesses as we grow our company here in South Carolina, “said Jeff Kirt, the company’s chief executive officer.

Initial construction is scheduled to begin in the second half of 2022, with further expansions planned through 2025 to meet the project’s financial commitment.

Greenidge will provide information on available opportunities on its website at later this year.

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