Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt.
The miner would then enter into a hosting agreement with the firm, effectively shifting its business strategy from self-miner to hosting provider, according to a filing Tuesday with the U.S. Securities and Exchange Commission. Greenidge will also hand over other assets including infrastructure and equity of its subsidiaries.
Source
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