Vulcan Infrastructure and Power Announces ~$39.4M Investment From Machine Investment Group, Atlas Holdings

Vulcan Infrastructure and Power Inc. (NASDAQ:GREE) ("Vulcan Infrastructure and Power" or the "Company") today announced that affiliates of Machine Investment Group ("Machine") and Atlas Holdings[1] ("Atlas"), together with institutional investors including Conversant Capital ("Conversant") and certain Company insiders, have entered into definitive agreements to make an aggregate strategic investment of approximately $39.4 million in the Company. In connection with the investment and the Company's transition into a power and infrastructure platform focused on acquiring, developing, and operating energized sites supporting artificial intelligence ("AI") and high-performance computing ("HPC") data centers and local electricity grids, the Company has changed its name from Greenidge Generation Holdings to Vulcan Infrastructure and Power.