Greenidge Generation Appoints Charles Zeynel to Board, Expands Board to 11 Members.

Greenidge Generation Holdings has appointed Charles M. Zeynel to its Board of Directors, bringing over 40 years of experience in petrochemicals, strategic management, and sustainability. The appointment is part of the company's strategy to enhance operations and market positioning. The company also reported a reduction in debt, improved mining efficiency, and strategic property transactions to optimize operations. Greenidge continues to explore strategic alternatives to maximize stakeholder value.

LM Funding America, Inc. (NASDAQCM: LMFA) has announced a significant expansion in its Bitcoin mining operations with the acquisition of a 11 MW Bitcoin mining site in Mississippi from Greenidge Generation Holdings Inc. (NasdaqGS: GREE). The transaction, valued at $3.9 million, is expected to close by September 16, 2025, subject to customary due diligence and other conditions [1].

The acquisition includes the real property and onsite power infrastructure, with 7.5 MW operational capacity. This addition will increase LM Funding America's total owned capacity to 26 megawatts, equivalent to approximately 1.7 exahash capacity, assuming latest generation Bitcoin miners at 15 joules per terahash [2]. The purchase price of $355,000 per megawatt indicates a disciplined approach to capital allocation.

The Mississippi site acquisition is part of LM Funding America's strategy to accelerate Bitcoin mining expansion without the protracted construction timelines or inflationary risk associated with new builds. The company's margin has improved to 41% from 38.5% in Q1 2025, driven by power sales offsetting digital mining cost of revenues and increased operational efficiency from vertical integration [3].

In addition to the Mississippi acquisition, LM Funding America has been actively expanding its operations in Oklahoma. The company is expected to energize its 2-megawatt immersion mining deployment later this year, further enhancing its capacity and operational efficiency [2].

The company's Bitcoin holdings have also grown, with 155.5 Bitcoin valued at $16.7 million as of June 30, 2025, and up to $18 million using prices from July 2025. This valuation is significantly above its concurrent market capitalization of $14.7 million, highlighting the potential for re-rating as the company continues to expand its Bitcoin treasury [3].

Greenidge Generation Holdings has appointed Charles M. Zeynel to its Board of Directors, bringing over 40 years of experience in petrochemicals, strategic management, and sustainability. The appointment is part of the company's strategy to enhance operations and market positioning [4]. Greenidge has also reported a reduction in debt, improved mining efficiency, and strategic property transactions to optimize operations, further aligning with LM Funding America's focus on operational excellence and strategic expansion.

References:
[1] https://www.marketscreener.com/news/lm-funding-america-inc-agreed-to-acquire-11-mw-bitcoin-mining-site-in-mississippi-from-greenidge-g-ce7c51d9dd8cff26
[2] https://www.nasdaq.com/articles/lm-funding-america-swings-q2-profit
[3] https://www.nasdaq.com/press-release/lm-funding-america-inc-reports-second-quarter-2025-financial-results-2025-08-14
[4] https://www.nasdaq.com/articles/lm-funding-america-swings-q2-profit