Underneath the deal, which is at present within the type of a non-binding time period sheet, NYDIG will buy 2.8 exahash per second (EH/s) value of Greenidge’s bitcoin mining machines, and extinguish $57 million-$68 million of the debt. That can depart Greenidge with 1.2 EH/s of machines, and the miner may even pledge the remainder of its unencumbered belongings to safe the remainder of the mortgage, which might be someplace between $6 million to $17 million.
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This article first appeared in Miner Weekly, a weekly newsletter by BlocksBridge Consulting, curating the latest news in energy, bitcoin,...
