A fire broke out at a Bitcoin mining facility in Dresden, New York, forcing Greenidge Generation Holdings to temporarily halt all operations. The incident, contained by the company, led to the immediate and complete de-energization of the facility. Greenidge is now actively investigating the cause of the fire and developing a plan for repairs and restoration.
Preliminary assessments indicate the fire did not cause material damage to the Bitcoin miners on-site. However, the company has stated it cannot provide a definitive timeline for when partial or full service will be restored. Operations are expected to resume over the coming weeks as the company works to address the outage and any underlying issues.
This fire adds to a series of challenges facing the Bitcoin mining industry, which is already grappling with high energy costs and regulatory uncertainty. Other firms have recently announced plans to shift focus away from Bitcoin mining, highlighting the sector’s current volatility and operational pressures.
