Greenidge Generation Holdings experienced a fire outbreak caused by an electrical switchgear failure at its Dresden, New York Bitcoin mining facility, leading to a temporary shutdown. Although mining rigs were unharmed, the incident disrupts operations amid an already challenging environment for Bitcoin miners facing declining profitability and rising energy costs. This event adds to ongoing sector pressures alongside other operational challenges seen across the industry.
Continue to read Temporary Shutdown at Greenidge Bitcoin Mine in New York Following Electrical Fire
Greenidge Generation Holdings experienced a fire outbreak caused by an electrical switchgear failure at its Dresden, New York Bitcoin mining facility, leading to a temporary shutdown. Although mining rigs were unharmed, the incident disrupts operations amid an already challenging environment for Bitcoin miners facing declining profitability and rising energy costs. This event adds to ongoing sector pressures alongside other operational challenges seen across the industry.
Continue to read Temporary Shutdown at Greenidge Bitcoin Mine in New York Following Electrical Fire
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