Bitcoin Miner With Own Power Plant Aims For Nasdaq Listing
By Linas Kmieliauskas
March 22, 2021
Another Bitcoin (BTC)-related stock might be available for investors on the Nasdaq exchange as the owner of the vertically integrated BTC mining and power generation facility in Upstate New York, Greenidge Generation Holdings (GGH), aims to go public.
GGH, the owner of Greenidge Generation, said it agreed to merge with Nasdaq-listed Support.com, a provider of customer and technical support solutions. The deal is still subject to Support.com shareholder approval and other customary closing conditions, GGH said in an emailed announcement, adding that they estimate to finalize the transaction in the third quarter of this year.
The pro forma combined company is currently expected to have combined net cash of at least USD 70m.