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Bitcoin Mining Blaze: Fire Strikes Greenidge Site Running NYDIG Hardware

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Fire knocked out energy and halted bitcoin mining at Greenidge’s Dresden, New York web site after {an electrical} failure sparked a blaze final week.

According to reports, the incident compelled the plant to close down its technology and information middle operations, briefly stopping each company-run rigs and machines working for purchasers.

Electrical Switchgear Failure Reported

Based on experiences, {an electrical} switchgear malfunction on November 23, 2025 began the fireplace and triggered computerized security methods that de-energized the power.

The Dresden plant, which has about 106 megawatts of technology capability, was taken offline instantly to stop additional harm.

Company filings and native updates stated not one of the hosted mining machines — together with these co-located for NYDIG — suffered materials harm throughout the occasion.

Emergency crews responded and the fire was contained, however the outage left the location idle whereas technicians inspected tools and repaired infrastructure.

Impact On Mining Operations And Clients

Reports have disclosed that the shutdown means misplaced hashing time for each miner on the web site. For co-hosting clients like NYDIG, downtime interprets to missed block rewards till the machines might be safely powered up once more.

Mining corporations sometimes earn income solely whereas rigs run, so even a brief stoppage can lower into weekly receipts. Industry observers famous that the Dresden plant is a significant a part of Greenidge’s US footprint, so the pause impacts a large share of the corporate’s output.

Bitcoin Mining Economics Under Pressure

Mining profitability is underneath pressure throughout the board as community problem climbs and competitors will increase. Based on current market information, margins are tighter than in prior cycles, making each hour of offline time extra pricey.

Investigation And Recovery Timetable

According to the corporate, crews are working to revive service and Greenidge expects a return to regular operations inside just a few weeks.

That timetable is provisional and tied to the outcomes of inspections and substitute of broken switchgear. Regulators and insurers will seemingly evaluation the incident, and an inner investigation is anticipated to make clear the reason for the failure and whether or not any upkeep gaps contributed.

Stakeholders will watch carefully for confirmed restore schedules and any disclosures about misplaced bitcoin manufacturing or prices tied to the outage. Co-hosts may even monitor whether or not the incident prompts modifications to security practices or contract phrases for hosted rigs.

Featured picture from FMC Fire, chart from TradingView

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