According to Foresight News, Bitcoin.com reported that Bitcoin mining company Greenidge Generation has built a new mine in Mississippi to expand its mining operations. The site went online on July 1 and has 2,400 Bitcoin mining machines, and is expected to further increase production capacity in the coming months.
Foresight News previously reported that Greenidge Generation restructured another $11 million in debt. According to the restructuring agreement, Greenidge will raise $1 million through stock sales underwritten by B. Riley and pay $1.9 million in principal owed.