- Crypto miner Greenidge Generation Holdings (NASDAQ:GREE) stock jumps 21% in midafternoon trading, possibly due to a county in New York putting its support behind the state renewing the company's air permit.
- The show of support also comes as others in the state oppose Greenidge's (GREE) bitcoin mining operation and asked Governor Kathy Hochul to deny the company's air permits, according to WENY News.
- Bitcoin (BTC-USD) rising to $62.5K may also be helping the stock.
- The stock, reaching an intra-day high of $28.57, is still far below its $57 opening price on Sept. 15, the first day it traded as GREE after it merged with Support.com, which until then had traded under the SPRT ticker.
- Last week, Greenidge (GREE) announced plans to expand beyond its New York state site.
Greenidge Generation stock climbs after county supports air permit renewal
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| Symbol | Last Price | % Chg |
|---|---|---|
| GREE | - | - |
| Greenidge Generation Holdings Inc. | ||