Shearman & Sterling advised Greenidge Generation Holdings Inc., a vertically integrated bitcoin mining and power generation company, in the closing of its previously announced merger with Support.com and filing a resale shelf registration statement on Form S-1.
Greenidge’s Class A Common Stock commenced trading on the NASDAQ Global Select Market under the ticker “GREE” on September 15, 2021. Support.com will continue to operate its existing lines of business as a wholly owned subsidiary of Greenidge.
Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint. Greenidge currently operates one facility in Upstate New York and expects to expand operations to a second location in South Carolina in the upcoming months, which will source the majority of its electricity from zero-carbon sources.
The Shearman & Sterling team below included associates Israel Augenstein and Joseph Kalis.