Greenidge Generation has changed its name to Vulcan Infrastructure and Power as it moves away from Bitcoin mining and looks to convert its power portfolio for AI and high-performance computing (HPC) data centers.
The company’s shares began trading under the Nasdaq ticker VIP on July 24, replacing its previous GREE symbol.
Vulcan said it has transitioned away from its “historical Bitcoin mining data center operations” and will focus on acquiring, developing, and operating powered infrastructure serving data centers and local electricity grids.
The company claims to control 104MW of existing energized capacity and a 654MW development pipeline across its owned sites. It is seeking to commercialize more than 100MW for AI and HPC workloads in the near term.
One of its main development opportunities is the former Greenidge cryptomining facility and natural gas power plant in Dresden, New York. The company has secured approval for 60MW of non-curtailable grid power at Dresden and is working with utility New York State Electric and Gas on the required facility upgrades.
