Greenidge Generation Stock Jumps 20%

Shares of Greenidge Generation Holdings Inc. (GREE) are jumping over 20% on Wednesday morning despite no stock-related statement from the company to drive the shares.

GREE is currently gaining over $28.91, up $5.13 or 21.57%, on the Nasdaq, on a volume of 7.5 million shares, above average volume of 2.7 million shares. The stock has traded between $14.52 and $519.04 in the 52-week period.

Greenidge Generation owns and operates bitcoin mining and power generation facilities in New York. It owns and operates data centers for bitcoin mining and blockchain services.

On September 15, Greenidge Generation announced that it has placed an order for 10,000 S19j Pro bitcoin miners from Bitmain. On September 14, the company closed its merger with Support.com, which provides tech and customer support.

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