Vulcan Infrastructure and Power, formerly Greenidge Generation Holdings, announced Monday that it agreed to raise about $39.4 million through a private investment in public equity transaction. The PIPE includes 17.15 million Class A shares priced at $1.71 each, matching the stock's July 17 closing price. Machine Investment Group's $15 million commitment includes 2.92 million shares, a $10 million senior secured convertible note and a three-year warrant covering 1.75 million shares. "We weren't looking to make a passive investment in power infrastructure assets. "Greenidge's existing powered assets, operating capabilities and public company infrastructure provide an attractive foundation upon which to build a scaled power infrastructure platform."