TechFlow news, August 7 — According to The Block, Nasdaq-listed mining company Greenidge Generation announced it will sell its Bitcoin mining facility in Mississippi to an affiliate of U.S. peer LM Funding America for approximately $3.9 million. The sale includes the site, certain contracts, and mining equipment, but excludes hosted miners and nearby warehouse facilities. Greenidge decided to divest the asset due to financial pressure stemming from debt expansion in 2021 and the latest tariff policies under Trump. The transaction is expected to be completed by September 16.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号




