Bitcoin mining company Greenidge Generation Holdings sells a U.S. mining farm to NYDIG to pay off $21.8 million in secured debt

Bitcoin mining company Greenidge Generation Holdings announced that it has sold a 22-acre, 44-megawatt (MW) Bitcoin mining facility in South Carolina, USA to NYDIG to pay off a $21.8 million secured debt. In 2023, Greenidge achieved a reduction in financial liabilities and reduced its debt by $85.3 million. The company currently manages $72 million in unsecured debt, which will mature in 2026.