Greenidge Generation Agrees to Restructuring Deal to Reduce Debt
• Greenidge Generation, a bitcoin miner operating in New York, has reached a restructuring agreement with its lender NYDIG to eliminate $57-$68 million of debt. • The agreement involves NYDIG purchasing 2.8 exahash per second (EH/s) of Greenidge’s bitcoin miners, which Greenidge will host for NYDIG. • Greenidge has a cash burn rate of approximately …
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