US public mining company Greenidge Generation Holdings mined 729 BTC in the third quarter of 2021. This was reported by the firm in a preliminary report.
Expected revenue for the period is expected to be $33-$37m with a net loss of $16-$19m. It is due to an expense of around $30m related to the merger with Support.com.
Greenidge announced the takeover of the Nasdaq-listed customer and support solutions provider in March 2021. The deal closed on 14 September, with the mining company's shares listed under the ticker GREE.
As of September 30, Greenidge had a fleet of approximately 15,300 miners with a total capacity of 1.2 EH/s. All of the equipment is installed at the firm's only facility in New York state.
At the end of the quarter, Greenidge's reserves in fiat and digital assets stood at $52 million.
The company confirmed plans to expand its mining operations with the launch of a second site, in South Carolina. It is expected to get most of its energy from green sources.
As a reminder, Greenidge has been carbon-neutral since June through the purchase of CO2 emission allowances.
However, residents of the city of Dresden in New York have accused the firm-run hybrid power plant of having a negative impact on the environment.
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