Greenidge Generation (GREE) Issues August 2022 Operational Update

Greenidge Generation Holdings Inc. (NASDAQ: GREE) today provided an operational update for the month of August 2022.

During the month of August 2022, Greenidge produced approximately 301 bitcoin, bringing the total bitcoin produced during the year to 1,771. As of August 31, 2022, Greenidge had approximately 2.4 EH/s of mining capacity online from approximately 24,500 miners. As of August 31, 2022, approximately 5,000 older, less efficient miners representing approximately 0.3 EH/s had been taken offline to create capacity for newer, more efficient miners being delivered.

The power plant located at Greenidge's facility in Dresden, NY was offline for zero hours during the month of August, representing an uptime of 100.0% for the month and 99.9% for the eight months ended August 31, 2022.

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