Bitcoin mining company Greenidge Generation plans to raise $22.8 million by issuing stock

According to Chain Catcher news, as reported by The Block, a document submitted by the U.S. Securities and Exchange Commission (SEC) shows that Bitcoin mining company Greenidge Generation is seeking to issue stock to raise $22.8 million.

Greenidge Generation stated that after deducting commissions and issuance costs, it plans to use the net proceeds from this offering for general corporate purposes, which may include paying all or part of its debt, as well as funding acquisitions, capital expenditures, and working capital. (Source link)