Greenidge and Core Scientific Partner to Deploy Over 18,000 Bitcoin Miners Despite Bankruptcy Challenges
Greenidge, a New York-based Bitcoin miner, has partnered with Core Scientific to expand its operations. Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership, while Greenidge will install an additional 1,500 company-owned miners at its existing facilities. The partnership is expected to improve Greenidge's profitability. The miner had faced financial struggles and environmental criticism in the past, but managed to reduce its corporate debt by $61 million through a deal with NYDIG and B. Riley in January.