Bitcoin Mining Firm Merges with the NASDAQ-listed Company
Greenidge Generation, a Bitcoin mining company, have merged with Support.com – a technical support company whose stocks are in the NASDAQ list. The merger became a part of the stock swap procedure.
Greenidge also owns an electro station in Dresden, NY and a mine nearby. Therefore, they became one of the first Bitcoin mining companies who use their own low carbon energy to mine cryptocurrency.
However, not everyone is pleased by this news. Several organizations that are located near their electrostation and mine sued the company due to violating the laws of the state by expanding their mining venture.