Greenidge is the first and only vertically integrated power generator and bitcoin miner of scale in the United States that is 100% carbon neutral.
In Upstate New York, we transformed a former coal-fired plant into a clean-burning natural gas power plant, significantly reducing historic carbon emissions at the facility. In South Carolina, approximately two-thirds of our electricity is sourced from zero-carbon sources such as nuclear power, and we have committed to offsetting the operation’s remaining carbon footprint, building on our record in New York State of operating a fully carbon-neutral mining business.
Since inception, we have prioritized working with local government and communities to ensure Greenidge is a vital contributor to the local economies and protector of the environments in which we operate. We are already carbon neutral and have committed to be across all future bitcoin mining operations, investing heavily in a portfolio of 100% domestic, fully accredited carbon offset credits that have been reviewed and certified by one of three well-recognized Offset Project Registries – the American Carbon Registry (ACR), the Climate Action Reserve (CAR) or Verra – ensuring that any projects funded by Greenidge reduce emissions or increase sequestration of greenhouse gas in a manner that is real, permanent, and verifiable.
We are also investing a portion of all profits from bitcoin mining into renewable energy projects, including the closure of an existing, forty-year-old coal ash landfill in the Finger Lakes region owned by Greenidge and the voluntary installation of a new solar farm at the site.