Greenidge Generation Announces Sale of South Carolina Property to Data Journey for $12.1 Million and 8% Stake in Planned Data Center's Profits
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Greenidge Generation Holdings Inc. has agreed to sell its 152-acre property in Spartanburg, South Carolina, to Data Journey LLC for $12.1 million and an 8% stake in the planned data center's profits.
December 04, 2024 | 1:45 pm
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Greenidge Generation Holdings Inc. is selling its Spartanburg property for $12.1 million and will receive an 8% profit stake in a planned data center.
The sale provides Greenidge with immediate cash and a future revenue stream from the data center's profits, which could positively impact its financial position and stock price.
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