Bitcoin mining company Greenidge sells Mississippi mining site for $3.9 million

ChainCatcher news, according to The Block, Nasdaq-listed mining company Greenidge Generation announced the sale of its Bitcoin mining facility in Mississippi to U.S. peer LM Funding America’s affiliate for approximately $3.9 million.

The sale includes the site, some contracts, and mining equipment, but does not include the existing hosted mining machines and nearby warehouse. Greenidge decided to sell the asset due to financial pressure from debt expansion in 2021 and the latest tariff policies under Trump. The transaction is expected to be completed by September 16.