Share this article
Bitcoin Miner Greenidge Generation Offers Additional $35M in Bonds
The proceeds will be used for capital expenditures and acquisitions, among other purposes.
By Aoyon Ashraf
Updated May 11, 2023, 5:51 p.m. Published Dec 1, 2021, 2:53 p.m.
Bitcoin mining company Greenidge Generation Holdings (GREE) plans to sell $35 million in senior notes, due in October 2026, according to a new filing.
- The issuance comes after the company raised $55.2 million in senior notes with similar terms on Oct. 13.
- The new $35 million notes will bear 8.5% interest accruing from Oct. 13, and are a “further issuance” to Greenidge’s $55.2 million raise.
- “We intend to use the net proceeds from this offering for general corporate purposes, including funding capital expenditures, future acquisitions, investments and working capital and repaying indebtedness,” the miner said in the filing.
- On Nov. 8, fellow crypto miner Argo Blockchain said it plans to raise up to $57.5 million in senior notes, due November 2026, with an interest rate of 8.75%.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand
Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
What to know:
- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a filing.
- The move follows similar initiatives by the New York Stock Exchange and reflects growing global demand for extended market access.
- Always-on cryptocurrency trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
