In line with a press launch despatched to Bitcoin Journal, bitcoin mining firm Greenidge Technology has introduced a purchase order of two,300 WhatsMiner M30S mining rigs and a financing deal to amass 6,000 Antminer S19 machines, each by way of Foundry Digital. Moreover, the mining agency shared that it’s going to be a part of the Foundry USA bitcoin mining pool.
“Foundry has been a longtime internet hosting buyer of Greenidge and this partnership expands our current relationship as Greenidge grows outdoors of New York,” mentioned Jeffrey Kirt, CEO of Greenidge, within the announcement.
The bitcoin mining firm plans to extend its hash charge capability with the brand new rigs, and a few of them are already operational, the corporate mentioned. Foundry has bought 1,800 of the WhatsMiner machines to Greenidge and expects to ship the remaining rigs in This fall 2021. Of the financed Antminer items, round 5,000 items are deployed, and the opposite 1,000 are scheduled to reach in Q3 2021.
Greenidge additionally shared that it’s going to add roughly 800 petahashes per second (PH/s) of hash energy to the Foundry USA Pool upon becoming a member of. In line with the discharge, different bitcoin miners who’re already a part of the pool embrace Blockcap, Hut 8, Bitfarms, Hive, BitDeer, Bit Digital and Foundry itself.
“Greenidge has pioneered the mixing of a clear energy plant operation and carbon-neutral cryptocurrency mining in North America with its operation in Upstate New York,” mentioned Mike Colyer, CEO of Foundry, within the launch. “We stay up for offering Greenidge with our best-in-class companies which are tailored for institutional firms within the cryptocurrency mining trade.”
Bitcoin mining firm HIVE additionally lately joined the Foundry USA Pool. Among the companies Foundry gives for its pool members embrace treasury administration companies, bitcoin collateralized lending and yield earnings on BTC holdings — doubtless facilitating a HODL mentality amongst bitcoin miners.
Greenidge, which in Might dedicated to totally offsetting its operational carbon emissions, additionally introduced the event of a brand new carbon-neutral facility final week. Greenidge’s second farm is deliberate to be inbuilt South Carolina, leveraging a web site beforehand utilized by a printing plant.