Back on August 1st I made a post discussing how ALL cryptocurrency needs to move towards more environmentally friends means of mining/obtaining. Tesla’s Elon Musk decided to accept Bitcoin then decided against it due to the current processes in mining operations. Above I mentioned the Ticker r/sprt , this is a merger play between Support.com and Greenidge Generation Holdings LLC. GGH, A private company, owns its own power plant in New York with vertically integrated mining processors and operates CARBON NEUTRAL. On 9/10 there will be a merger vote (formality) to move forward with the merger. The stock currently has a SI of 75% and over 350% cost to borrow. This is a short squeeze play with incredible long term upside potential. Greenidge mines 1 Bitcoin for about 2500 USD in cost. That margin is astronomical. As more companies come forward with carbon emission reductions this will only help the entirety of Cryptocurrency. Not financial advice but I am currently heavily invested as I see this as the future of Bitcoin being widely accepted.
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