Cryptocurrency and power generation company Greenidge Generation has agreed to sell its 152-acre Spartanburg, South Carolina property to Data Journey for $12.1 million in cash and an 8 percent profit participation interest in a planned data center on the site. Greenidge will support Data Journey in developing and building a new data center that will utilize 60MW of secured power on the site.
“Today marks an exciting step forward for Greenidge as our South Carolina property sale to Data Journey represents our first large-scale entrance into the data center space,” said Greenidge CEO Jordan Kovler.
“Through the work, Greenidge has already done to gain a commitment for future power and set the stage for development of the site, we will be able to operationalize the site much quicker than many comparable sites. We look forward to having Greenidge as a partner as we continue to transform the future of data centers,” said Dr Ishnella Kaur Azad, CEO of Data Journey.
