Greenidge Generation Holdings Inc., a cryptocurrency datacenter and power generation company, has executed a new hosting agreement with Conifex Timber Inc. Tsay Keh Dene Nation, a First Nation with a traditional territory in north-central British Columbia, will be collaborating with Conifex in supplying hosting services to Greenidge. Under the initial agreement, Conifex will host 750 miners on behalf of Greenidge with capacity of approximately 80 PH/s. The agreement includes consideration for a potential expansion of 25MW of mining capacity using renewable energy.
"Greenidge is working toward deploying up to 10,000 miners, and this new partnership with Conifex is an important step in that direction," said Dave Anderson, Chief Executive Officer of Greenidge. "This project will expand our operations and utilize renewable power to do it."
Conifex Timber is a leading forest products company operating in one of the richest fiber baskets in North America, northern British Columbia. One of its strengths is in the integration of a biomass power plant with the Mackenzie sawmill. This bioenergy plant takes residual fiber from the mill and forest that would previously have been burned or decayed (producing GHG emissions in the process) and generates clean energy for British Columbians. Since the start of 2020, the Mackenzie sawmill has reduced the amount of wood waste being landfilled by over 90% through operational improvements and wood waste recovery transfer to its biomass plant.