The merger between the bitcoin mining firm Greenidge Generation Holdings Inc and the technical support company Support.com will be finalized on September 14, according to a Monday release.
Greenidge and the NASDAQ-listed Support.com had arranged to merge in a stock-for-stock transaction back in March, The Block previously reported. However, the transaction was slated to take place vaguely in Q3, or by the end of September.
This most recent development solidifies that the merger will in fact take place on time, with the additional detail that Greenidge Class A common stock with the ticker symbol “GREE” will go live on NASDAQ on September 15.
Greenidge Generation Holdings is a New York-based bitcoin mining operation that has an estimated 41 MW bitcoin mining capacity and 1.1 EH/s computing power as of June, The Block previously reported.
The firm pledged to go carbon neutral through carbon offsetting in June of this year, and announced its plan to expand bitcoin mining operations into South Carolina in July.