Bitcoin mining company Greenidge Generation restructures its leadership, and the CEO has resigned

Chain Catcher News, Bitcoin mining company Greenidge Generation is restructuring its leadership. Jeffrey Kirt has resigned as CEO, and David Anderson, CEO of forestry products company Millar Western, will take over. Additionally, Scott MacKenzie, Vice President of Corporate Development at Millar Western, will serve as Greenidge's Chief Strategy Officer.

Greenidge's financial report indicates an expected net loss of $22 million for the third quarter, with revenues of $29 million. Of this, $18 million in revenue is expected to come from Bitcoin mining, with an additional $4 million from power generation.

It is reported that Greenidge went public on the Nasdaq in September 2021. In September of this year, Greenidge announced plans to raise up to $23 million through a stock issuance. (Source link)