Greenidge Generation Holdings Inc. was incorporated in Delaware on January 27, 2021. The company owns a vertically integrated Bitcoin mining and power generation facility in Torrey, New York. Unlike most other Bitcoin mining companies, the company has its own power generation assets and operates its own data centers and miners. The company believes that the power generation capacity behind such meters provides a stable, cost-effective source of electricity for Bitcoin mining activities. The company has a large number of potential new locations where they intend to replicate their vertically integrated Bitcoin mining and power generation business model. In addition, the company is evaluating partnerships with low-cost energy owners, with a special focus on renewable energy as a potential way to grow its Bitcoin mining business.