Greenidge Generation (NASDAQ:GREE) (NASDAQ: GREE) is a diversified energy and digital asset company headquartered in Dresden, New York. The company owns and operates a modern natural gas–fired power plant and battery storage facility on the shores of Seneca Lake, where it produces wholesale electricity for the Northeast regional power grid. Greenidge Generation integrates power generation with advanced technologies to deliver reliable baseload energy while pursuing efficiency and environmental performance improvements.
At its core, Greenidge operates a 106-megawatt combined-cycle natural gas facility that was converted from a former coal-fired plant. The conversion project included the installation of high‐efficiency gas turbines, heat-recovery steam generators and modern emissions controls. In addition to electricity sales, the company’s on-site battery energy storage system supports grid reliability through capacity services, frequency response and peak shaving, enabling utilities and grid operators to balance supply and demand more effectively.
Expanding beyond conventional energy markets, Greenidge Generation has established a digital infrastructure platform focused on bitcoin mining. By colocating mining operations at its Dresden facility, the company leverages its generated power directly for digital asset production, minimizing transmission losses and reducing overall energy costs. This integrated approach aims to improve operational resilience and create a vertically aligned energy-to-mining business model that can scale with demand.
Founded on a vision to modernize regional power assets, Greenidge has evolved under the leadership of Chief Executive Officer Jeff Kirt and a management team with deep experience in energy project development, power marketing and digital infrastructure. The company serves wholesale electricity markets across New York and neighboring states, while its mining operations cater to global digital asset investors and networks. Greenidge continues to pursue strategic enhancements and potential growth opportunities through technology upgrades, regulatory engagement and disciplined capital deployment.
