Greenidge Produced ~120 Bitcoin In April, Produced ~57 Bitcoin In May, Produced ~40 Bitcoin In June, Produced ~58 Bitcoin In July
Portfolio Pulse from Benzinga Newsdesk
Greenidge Generation Holdings Inc. (NASDAQ:GREE) provided a bitcoin production update for Q2 and July 2024. The company produced 120 bitcoin in April, 57 in May, 40 in June, and 58 in July. The hash rate fluctuated due to various operational changes, including miner redeployment and a planned power plant outage.
August 01, 2024 | 8:39 pm
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Greenidge Generation Holdings Inc. (NASDAQ:GREE) reported fluctuating bitcoin production in Q2 and July 2024, with operational changes impacting hash rates. The company produced 120 bitcoin in April, 57 in May, 40 in June, and 58 in July. The hash rate varied due to miner redeployment and a planned power plant outage.
The news provides detailed information on Greenidge's bitcoin production and hash rate changes over several months. While the production numbers show fluctuations, the company's proactive measures, such as miner redeployment and power plant maintenance, indicate efforts to optimize operations. This mixed performance may result in a neutral short-term impact on the stock price.
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