Bitcoin mining entity Greenidge Generation is reportedly having plans down its pipeline to make more renewable energy sources accessible to the New York-based clients. 

Specifically, Greenidge reportedly revealed details of its initiative to channel the generated earnings from its Bitcoin (BTC) miners in the Finger Lakes region of New York state towards accelerating the closing process of a nearby coal ash landfill.

The firm reportedly has a goal of turning the Lockwood Hills into a fully functional solar farm, with the capacity of producing 5 megawatts of power.

“[The project] was making more renewable energy a reality by leveraging Bitcoin mining profits to fund the creation of a new solar farm at a landfill site.” Head of Greenidge – Jeff Kirt – reportedly remarked how the project could open up vacancies for high-tech positions to people living in the area, as well as offer assistance to local businesses with the solar farm.

Another application for the new energy source could reportedly be fueling the augmentation of Greenidge Bitcoin plant operations’ power, situated on Seneca Lake, which has a target of contributing 85 MW to crypto mining by 2022. 

The plant had been operational with the use of coal in the past, but has reportedly switched up to natural gas. 

The mining company reportedly shared that it is running “100% carbon-neutral” BTC mining centers, and is working towards an expansion plan to cover South Carolina, with the soonest timeline to be within 2021. 

Greenidge reportedly looks to hit an operational capacity target of minimum 500 MW throughout its different centers by 2025.