The Nasdaq-listed Bitcoin mining company Greenidge Generation has agreed to sell its 6.4-acre mining farm located in Columbus, Mississippi, along with some contracts, equipment, and other assets for approximately $3.9 million. The buyer is Digital Mining Mississippi, affiliated with the publicly listed mining company LM Funding America. The mining farm is set to be operational from July 2024, originally planned to supply 8.5 megawatts of power and expanded to 33.5 megawatts. Greenidge previously faced high debts due to aggressive expansion in 2021, and the operational pressure has persisted, compounded by a significant decline in mining revenue after this round of halving and the impact of the latest tariff policy from the Trump administration. (TheBlock)

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