~ $264 million investment will create 40 new jobs ~
Columbia, SC — Greenidge Generation Holdings Inc. (Greenidge Generation), a vertically integrated cryptocurrency mining and power generation company committed to 100% carbon-neutral datacenter operations, today announced plans to develop a new cryptocurrency datacenter in Spartanburg County. The $264 million investment will create 40 new tech-sector jobs.
Located along 175 acres at 300 Jones Road in Spartanburg, Greenidge Generation’s Upstate operations will house some of the most advanced and efficient cryptocurrency mining computers commercially available. Greenidge Generation expects the facility to have at least 100 megawatts of datacenter capacity when fully developed.
The first phase of the project is expected to be online in the second half of 2022, with additional expansions to reflect this investment through 2025. Greenidge Generation will provide information to individuals interested in becoming team members, via its website, later this year.
“We are extremely excited to announce our commitment to expand our business to Spartanburg, and we’re grateful for the welcome and support we have received from the state and our local community. This is a significant step in Greenidge’s strategy to build upon our unique expertise at new locations across the country. This site is ideal, with an energy mix that is more than 60% carbon-free, opportunities for additional growth and a business-friendly climate. We’re excited to hire great, local talent immediately and support nearby businesses as we grow our company here in South Carolina.” -Greenidge Generation Holdings Inc. Chief Executive Officer Jeff Kirt
“South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to our growing roster of innovative companies. The company’s $264 million investment and the 40 skilled jobs they are creating will make a tremendous impact in Spartanburg County and beyond.” -Gov. Henry McMaster
“To remain globally competitive, it’s imperative to embrace disruptive change and emerging technologies. Today’s announcement by Greenidge Generation is proof that South Carolina has the cutting-edge business environment and talent in place to attract new and innovative industries.” -Secretary of Commerce Harry M. Lightsey III
“This kind of technology-fueled investment fits perfectly with our aim to diversify the types of developments, and therefore the types of jobs, we attract to Spartanburg County. We welcome Greenidge Generation and look forward to the impact they’ll have on the growing eastern side of Spartanburg County.” -Spartanburg County Council Chairman Manning Lynch
Five Fast Facts
- Greenidge Generation is establishing operations in Spartanburg County.
- The $264 million investment will create 40 new tech-focused jobs.
- Greenidge Generation is a vertically integrated cryptocurrency mining and power generation company committed to 100% carbon-neutral datacenter operations.
- Located at 300 Jones Road in Spartanburg, S.C.
Greenidge Generation will provide information to individuals interested in becoming team members, via its website, later this year.
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State has consistently been among the top in the nation for attracting jobs through foreign direct investment on a per capita basis – recognized by multiple economic development publications for its pro-business climate. For more information, visit www.SCcommerce.com.
About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated cryptocurrency datacenter and power generation company. Greenidge is committed to 100% carbon-neutral datacenter operations at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint.
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