latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE

Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE
The Greenidge bitcoin mining company will be listed on the Nasdaq stock exchange on Sept 15, according to an SEC filing.

Greenidge, a bitcoin mining and power generation company that operates in New York, will be listed on Nasdaq on Sept 15. An SEC filing shows that the company’s shares will run under the GREE ticker, and the news follows a previous update that disclosed a merger transaction to be completed on Sept 14.

Greenidge and, which is listed on Nasdaq, merged in March 2021. The closure of this deal means that the mining firm can move on with its public listing. is a customer and technical support solutions platform delivered by home-based employees.

The company has raised some concerns with respect to its operations, chiefly environmental in nature. Residents of New York have also complained about the alleged effects the facility has had on a nearby lake. Given the furor over power consumption, it’s unsurprising that Greenidge is taking steps to counter the effects.

Greenidge also expects to expand to the state of South Carolina in the coming months. Furthermore, it will also invest a portion of its mining profits into renewable energy projects. The majority of power for this mining facility will use zero-carbon sources, which is a good sign that is indicative of a larger trend.

Companies moving towards green energy for bitcoin mining

Greenridge said that it intends to be carbon-neutral in May 2021 and that effective Jun. 2021, it had done so for its New York facility. This is an unsurprising development, given that the mining industry has come under fire for its electricity consumption. Numerous companies have decided to move towards greener solutions.

This overall initiative to move bitcoin mining towards more sustainable processes and greener sources of energy is being spearheaded by the likes of the Bitcoin Mining Council . The latter has Michael Saylor of MicroStrategy as one of its head members, and he has vowed to make the change come true. This is only one of many initiatives taken by entities across the world to reduce carbon output.

Bitcoin’s power consumption continues to be a thorn in its overall reputation. But the silver lining is that there is a noticeable shift towards green energy . This should perhaps put out some of the issues caused by the environmental impact.
The post Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE appeared first on BeInCrypto . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News