The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount thanks to Greenidge Generation Holdings’ efforts. This reduction came about as a result of Greenidge Generation Holdings’ successful negotiations with New York Digital Investment Group (NYDIG).
Greenidge engaged into a number of agreements with NYDIG on January 30 that were connected to the secured debt that the company had. In accordance with the terms of these agreements, Greenidge has transferred to NYDIG ownership of Bitcoin mining equipment in addition to a …
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