Benzinga | Jan 7, 2022 01:02PM EST

Greenidge Generation Reports Q4 Bitcoin Production Of 609 Bitcoin, Up 168% Year Over Year

Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge") today announced bitcoin ("BTC") production and mining capacity for December 2021.

For the three months ended December 31, 2021, Greenidge produced 609 BTC, an increase of 168% from the fourth quarter of 2020. For the year ended December 31, 2021, Greenidge produced 1,866 BTC.

Greenidge ended the year with approximately 17,300 miners delivered with an aggregate hashrate of 1.4 EH/s. This compares to approximately 6,900 miners with an aggregate hashrate of 0.4 EH/s at the end of 2020.

Greenidge's current order book consists of approximately 31,700 miners scheduled for shipment by September 2022. When the order book is fully deployed, the company expects to have approximately 49,000 miners in service with a hashrate of 4.7 EH/s.