Shearman & Sterling represented Greenidge Generation Holdings Inc., a vertically integrated bitcoin mining and power generation company, in connection with its registered public offering of $55.2 million aggregate principal amount of its 8.50 percent Senior Notes due 2026.
B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc., William Blair & Company, L.L.C. and Northland Securities, Inc. acted as joint book-running managers for the offering. EF Hutton, division of Benchmark Investments, LLC acted as lead manager for the offering. Aegis Capital Corp., Alexander Capital L.P., Colliers Securities LLC, Maxim Group LLC, Revere Securities LLC, Wedbush Securities Inc. and B.C. Ziegler & Company acted as co-managers for the offering.
Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated bitcoin mining and power generation company. Greenidge is committed to 100 percent 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 plans to expand operations to multiple locations in North America.
The Shearman & Sterling team below included associates Joseph Kalis (Toronto–Capital Markets) and Daniel Moon (New York–Capital Markets).