Despite some recent struggles, New York Bitcoin miner Greenidge today announced it was emerging from hard times to expand operations through a partnership with Core Scientific. 

In an announcement Thursday, the miner said that Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky. 

Greenidge, which is based in Upstate New York, will also install an additional 1,500 company-owned miners at its existing facilities. 

As recently as December, the miner said it had “substantial doubt” about its capacity to continue as a business. By January, the company managed to ink a deal with NYDIG and B. Riley that reduced its corporate debt by $61 million. Prior to that, the company was considering voluntary bankruptcy. That’s because Greenidge has become a controversial company, drawing attention from activists and legislators who have criticized the miner for its environmental practices.

And last year, the New York Department of Environmental Co

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Author: Mathew Di Salvo

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