Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc., commonly referred to as Greenidge, is a prominent player in the energy sector, headquartered in the United States. Founded in 2017, the company has rapidly established itself in the renewable energy and cryptocurrency mining industries, primarily operating in New York. Greenidge is renowned for its unique approach to energy production, leveraging natural gas to power its operations while also supporting sustainable practices. The company’s core offerings include energy generation and cryptocurrency mining, distinguished by their commitment to utilising environmentally responsible methods. Greenidge has achieved significant milestones, including the development of one of the first power plants in the U.S. to integrate cryptocurrency mining with energy production. With a strong market position, Greenidge Generation Holdings Inc. continues to innovate, contributing to the evolving landscape of energy and digital currencies.
DitchCarbon Score
How does Greenidge Generation Holdings Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Greenidge Generation Holdings Inc.'s score of 27 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Greenidge Generation Holdings Inc.'s reported carbon emissions
In 2022, Greenidge Generation Holdings Inc. reported significant carbon emissions, with Scope 3 emissions totalling approximately 1,050,467,000 kg CO2e, primarily from purchased goods and services, which accounted for about 952,968,000 kg CO2e. In 2021, the company disclosed a total of approximately 1,148,461,000 kg CO2e across all scopes, including 195,493,000 kg CO2e in Scope 1, 520,386,000 kg CO2e in Scope 2, and 432,582,000 kg CO2e in Scope 3. The emissions data from previous years shows a fluctuating trend, with Scope 1 emissions peaking at approximately 374,814,000 kg CO2e in 2020 and decreasing to about 64,607,000 kg CO2e in 2019. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. Greenidge Generation's emissions profile highlights the importance of addressing Scope 3 emissions, which represent a significant portion of their overall carbon footprint. The lack of formal commitments to reduce emissions suggests a need for enhanced climate strategies in line with industry standards.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 172,309,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | - | - | - | - | 000,000,000 | - |
| Scope 3 | - | - | - | - | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Greenidge Generation Holdings Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
