Climate journalist Brian Kahn explains how Greenidge Generation, a repurposed upstate New York power plant, derives the vast majority of its revenue from behind-the-meter cryptocurrency mining.
0:00 / 0:17exact quote · 17.3s
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“And the majority of the money they're making is not when they're putting power onto the grid, when they're, where they're making the most money is what's going on behind the grid. And you know, their revenue disclosures It was, you know, essentially almost a, it's a one to eight ratio in terms of how much money they're making, putting power on the grid versus mining Bitcoin.”
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