RIOT - Greenidge Generation Holdings: Potential Upside Ahead Of New Green Mining Tech Launch In 2022

• Greenidge's total revenue in Q3 2021 surged 484% (YoY) at $35.8 million and +121% against the prior quarter.
• Ahead of its release on July 2022, the Antminer S19 XP is scheduled to have a maximum hashrate of 140 TH/s and a power consumption of 3010W.
• By the third quarter of 2021, Greenidge had increased the number of Bitcoins mined from 246 in Q3 2020 to 729 in 2021 (+196.34%) and up from 315 in Q2.
• US Bitcoin mining companies are scheduled to increase their capacities by more than 270% (from 17.83 EH/s to 67.34 EH/s).
• Expansion of Canadian BTC mining giant Bitfarms Ltd into the US is expected to increase US green mining capacity in 2022.

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