GRIID Infrastructure Inc. announced plans to double the capacity of its bitcoin mining operations in Lenoir City, Tenn. from 20 MW to 40 MW in mid-2024 by adding a new site expected to power approximately 6,500 machines. GRIID also operates a facility co-located at the Glen Park Dam in Watertown, New York.

In the aggregate, GRIID operates 68 MW of mining capacity (55MW in Tennessee). On February 6, the company announced plans to build a new 60 MW mining facility in Jackson, TN. When the new facilities in Jackson and Lenoir City become fully operational, GRIID would have nearly 150 MW of mining capacity, which would more than double its current capacity and represents the ongoing commitment to growth in the Tennessee Valley.