Results Include Q4 Net Income of $2.7 million, Adjusted EBITDA of $3.6 million and Earnings Per Share of $0.36 Ongoing Transformation and Growth of Business Continues with Recent Expansion DRESDEN, N.Y. / Apr 10, 2024 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for... Read More

Greenidge Planning Development of 60 MW Data Center on its South Carolina Property Builds on Recent Addition of 40 MW of Low-Cost Power in Mississippi and North Dakota DRESDEN, N.Y. / Apr 04, 2024 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that it continues to expand its... Read More

Company Reschedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call DRESDEN, N.Y. / Mar 27, 2024 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced that its financial results for the fourth quarter of 2023 will meet or exceed the preliminary results that Greenidge previously... Read More

Acquires 12-Acre Property in Mississippi with Power Expandable to 32.5 MW Secures Lease in North Dakota with Access to 7.5 MW of Power Latest Expansions Underscore Continued Focus and Implementation of Strategic Growth Initiatives to Increase Profitability DRESDEN, N.Y. / Mar 11, 2024 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency... Read More

Virtual Experiences Leader Acquires Ethereal Engine in Share-For-Share Transaction Valuing Infinite Reality at $2.5 Billion and Ethereal Engine at $75 million Entire Ethereal Engine Team, Including Top Executives and Innovators, Has Joined Infinite Reality LOS ANGELES, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Infinite Reality (“iR”),... Read More

DRESDEN, N.Y. / Feb 12, 2024 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that it has entered into a securities purchase agreement with Armistice Capital that includes an initial investment of $6 million. The investment from Armistice Capital will provide Greenidge with... Read More

Select Results Include Q4 Net Income of $1.4 million to $2.4 million, Adjusted EBITDA of $1.6 million to $2.6 million, and Earnings Per Share of $0.18 to $0.32 Company Reports First Profitable Quarter in Two Years As Ongoing Transformation of Business Continues Complete Fourth Quarter and Full-Year 2023 Financial Results to be Announced on March 27, 2024 DRESDEN, N.Y. / Feb 01, 2024 / Business Wire / Greenidge Generation... Read More

Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (Nasdaq: NBST) NORWALK, Conn. / Dec 14, 2023 / Business Wire / Infinite Reality, Inc. (“iR” or the “Company”), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today announced a partnership and equity swap with Greenidge... Read More

Greenidge Will be the Exclusive Provider of Specialized Infrastructure for Infinite Reality, Including Datacenter GPUs for AI and Immersive Experiences Via the Launch of “GreenidgeAI” Infinite Reality Will Further Support Greenidge’s Growth by Utilizing Its Low-Cost Power and Superior Engineering Services Greenidge and Infinite Reality Will Evaluate Projects to Deliver Enhanced Offerings Related to AI and Immersive... Read More

Jordan Kovler Appointed Chief Executive Officer David Anderson to Transition to Chairman of the Board of Directors FAIRFIELD, Conn. / Nov 16, 2023 / Business Wire / Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced that Jordan Kovler has been appointed to replace David Anderson as Greenidge’s Chief... Read More

Eliminates Remaining $21.8 Million of Secured Debt by Selling South Carolina Mining Site to NYDIG Will Receive Cash Consideration of Approximately $6.2 Million in Connection with Transaction Greenidge has Reduced its Debt by a Total of $85.3 Million in 2023 FAIRFIELD, Conn. , Nov. 15, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency... Read More

Third Quarter 2023 Highlights Total revenue was $20.9 million Cryptocurrency datacenter hosting revenue was $12.1 million , and Cryptocurrency datacenter self-mining revenue was $6.6 million GAAP net loss from continuing operations was $13.2 million Break-even Adjusted EBITDA from continuing operations 235 bitcoins were produced from self-mining Operated active mining capacity of approximately 4.6 EH/s from 42,300 miners as... Read More

FAIRFIELD, Conn. , Oct. 25, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today announced selected preliminary financial and operating results for the third quarter of 2023. For the three months ended September 30, 2023 , Greenidge expects to report revenue of approximately $21 million , net loss from... Read More

Expects to Eliminate Remaining $22 Million of Secured Debt by Selling South Carolina Mining Site to NYDIG Greenidge Expects to Receive $4.9 million of Cash, Less Certain Costs, with Potential to Earn up to $2.6 million Additional Cash in Bonus Payments Greenidge Generation Reports Second Quarter 2023 South Carolina Mining Facility Completed 26 MW Expansion and Construction of Mining Infrastructure to increase site capacity... Read More

First Quarter 2023 Highlights Results in line with guidance provided on April 21, 2023 Total revenue was $15.2 million Cryptocurrency datacenter hosting revenue was $6.9 million , and Cryptocurrency datacenter self-mining revenue was $6.5 million GAAP net loss from continuing operations was $8.8 million Adjusted EBITDA loss from continuing operations of $1.1 million Cryptocurrency datacenter operations produced 698 bitcoins... Read More

The Company's Class A common stock will begin trading on a split-adjusted basis on May 16, 2023 FAIRFIELD, Conn. , May 15, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that its previously announced 1-for-10 reverse stock split (the "Reverse Stock Split") of the Company's... Read More

Greenidge Signs Hosting Agreement with Core Scientific for 6,914 Greenidge-Owned Miners to Be Operated at Core Scientific's Facilities in Dalton, Georgia and Calvert City, Kentucky Greenidge Announces the Installation of 1,500 Additional Miners in its Existing Facilities Across the Country Initiatives Represent Incremental Annual Profit of ~ $7.5 Million to Greenidge FAIRFIELD, Conn. , April 27, 2023 /PRNewswire/ --... Read More

FAIRFIELD, Conn. , April 21, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today announced selected preliminary financial and operating results for the first quarter of 2023. For the three months ended March 31, 2023 , Greenidge expects to report revenue of approximately $15 million , net loss in a range of... Read More

Fourth Quarter 2022 Highlights Total revenue was $16.0 million , compared to January 2023 guidance of ~$15 million Cryptocurrency datacenter revenue was $12.2 million , in line with January 2023 guidance Produced 683 bitcoins in the fourth quarter GAAP net loss from continuing operations of $135.0 million for the fourth quarter, including a $104.8 million noncash impairment charge and a $5.6 million charge for the... Read More

FAIRFIELD, Conn. , March 27, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, has appointed Jordan Kovler , a seasoned leader in investor relations and corporate governance with two decades of leadership at advisory firms, to its Board of Directors, effective March 22, 2023 . Throughout his career, Mr. Kovler... Read More

VANCOUVER, British Columbia, March 15, 2023 (GLOBE NEWSWIRE) -- Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX: CFF) announced today that it has entered into a hosting services agreement (the " Agreement ") with Greenidge Generation Holdings Inc. (" Greenidge "), a cryptocurrency datacenter and power generation company. Tsay Keh Dene Nation (" Tsay Keh Dene ") is collaborating with us in supplying hosting services to... Read More

Agreement Includes Prospect of Up To 28 MW of Mining Capacity FAIRFIELD, Conn. , March 15, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company") a cryptocurrency datacenter and power generation company, announced today that it has executed a new hosting agreement with Conifex Timber Inc. (TSX:CFF) ("Conifex"). Tsay Keh Dene Nation , a First Nation with a traditional territory... Read More

Greenidge Restructures ~$76 Million of Secured Debt with NYDIG, Reducing Obligations to ~$17 Million , With Potential for Additional $10 Million Reduction Greenidge Restructures B. Riley $11 Million Promissory Note, Reducing Cash Obligations to ~$9 Million Enters into Hosting Agreements with NYDIG Affiliates With Gross Profit-Sharing Component to Allow Greenidge to Participate in Potential Bitcoin Price Appreciation... Read More

Lender Negotiations Update Entered into a non-binding term sheet with NYDIG regarding approximately $74 million of debt contemplating the following terms: NYDIG would purchase miners with approximately 2.8 EH/s of mining capacity Greenidge would enter into a hosting agreement with NYDIG for approximately 2.8 EH/s of mining capacity, which would result in a material change to Greenidge's current business strategy and result... Read More

T hird Quarter 2022 Revenue of $29.4 million for the third quarter of 2022 Produced approximately 866 bitcoin during the third quarter Power plant uptime of 100.0% in third quarter, 99.9% YTD through September 30, 2022 , and 98.3% LTM, including downtime for scheduled maintenance outages Mining capacity of approximately 2.4 EH/s from approximately 24,500 miners in service at September 30, 2022 $39 million in cash and fair... Read More

Leadership Transition Jeffrey Kirt to resign from his roles as CEO and Director, effective October 7, 2022 David Anderson appointed as CEO and Director, effective October 8, 2022 Scott MacKenzie appointed as Chief Strategy Officer, effective October 8, 2022 Third Quarter 2022 Highlights Expects Revenue of approximately $29 million for the third quarter of 2022 Expects GAAP net loss in a range of approximately $(22) million... Read More

August 2022 Operational Update Produced approximately 301 bitcoin in August 2022 , and 1,771 bitcoin for the eight months ended August 31, 2022 . Hashrate capacity of approximately 2.4 EH/s from approximately 24,500 miners in service as of August 31, 2022 . Approximately 5,000 older, less efficient miners representing approximately 0.3 EH/s taken offline in August to create capacity for new miners being delivered. Power... Read More

Second Quarter 2022 Highlights Revenue of $31.3 million for the second quarter of 2022 GAAP net loss of $(107.9) million for the quarter, impacted by $98.2 million of special items Adjusted EBITDA of $2.9 million for the quarter LTM Adjusted EBITDA of $52.5 million Produced approximately 621 bitcoin during the second quarter Power plant uptime of 100.0% in second quarter, 99.8% YTD, and 98.3% LTM, including downtime for... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, expects to release its financial results for the second quarter of 2022 on Monday, August 15, 2022 after the market close. Greenidge's earnings results will be posted to its website http://ir.greenidge.com once released. Greenidge will also host a management presentation on Monday,... Read More

June 2022 Operational Update Produced approximately 230 bitcoin in June 2022 and 1,183 bitcoin for the six months ended June 30, 2022 . Hashrate capacity of approximately 2.5 EH/s from approximately 27,500 miners as of June 30, 2022 24% of hash rate capacity located at Spartanburg, SC facility Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power... Read More

Facility Operations In New York Will Continue Uninterrupted During Extended Judicial Review Process State's Decision Ignores Greenidge Offer to Dramatically Reduce GHG Emissions While Preserving Jobs in Upstate New York Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, issued the following statement and information today regarding... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that Thomas A. Champion has joined the company as Vice President of Investor Relations and Business Development. Mr. Champion has decades of experience working with institutional investors in sales and trading positions. He recently completed a consulting assignment at asset manager MSD Partners in New York . Previously, he exclusively covered... Read More

May 2022 Operational Update Produced approximately 195 bitcoin in May 2022 Approximate 1.7 EH/s of mining capacity from approximately 20,400 miners as of May 31, 2022 25% of hash rate capacity located at Spartanburg, SC facility Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today provided an operational update for the month of... Read More

Greenidge New York Facility Unaffected by Legislation Operations Will Continue Uninterrupted Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today issued the following statement regarding New York State Senate Bill S6486D which was approved by the New York State Legislature. Greenidge Statement: "The bill language plainly states,... Read More

First Quarter 2022 Highlights Results in line with guidance provided on April 21, 2022 Total Revenue increased to $37.7 million , up 240% year-over-year Cryptocurrency datacenter revenue increased to $23.2 million , up 158% year-over-year GAAP net loss was $0.4 million Adjusted EBITDA of $9.2 million LTM Adjusted EBITDA of $57.9 million Produced approximately 561 bitcoin during the first quarter Mining capacity of... Read More

First Quarter 2022 Highlights Expects Revenue of approximately $38 million for the quarter Expects GAAP net income (loss) in a range of approximately $(2) million to breakeven for the quarter Expects Adjusted EBITDA1 of $8 million to $10 million for the quarter Expects LTM Adjusted EBITDA1 of $57 million to $59 million Produced approximately 561 bitcoin during the first quarter Mining capacity of approximately 1.6 EH/s from... Read More

Fourth Quarter 2021 Highlights Total revenue increased to $44.3 million , up 617% year-over-year Cryptocurrency datacenter revenue increased to $33.7 million , up 676% year-over-year GAAP net loss was $41.4 million for the fourth quarter, including a $42.3 million noncash goodwill impairment charge related to the Support.com business, as compared to a net loss of $0.8 million in the prior year Adjusted EBITDA of $19.1... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced it has closed two financings for approximately $108 million in gross proceeds in order to provide the company with additional liquidity to fund its 2022 growth. The financings are comprised of an approximately $81.4 million facility with an affiliate of NYDIG, secured by certain Bitmain ANTMINER S19 J Pro equipment delivering in 2022, and a $26.5... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency mining and power generation company committed to 100% carbon-neutral datacenter operations, today announced plans to develop a new cryptocurrency datacenter in Spartanburg County . The $264 million investment will create 40... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced bitcoin ("BTC") production and mining capacity for December 2021 . For the three months ended December 31, 2021 , Greenidge produced 609 BTC, an increase of 168% from the fourth quarter of 2020. For the year ended December 31, 2021 , Greenidge produced 1,866 BTC. Greenidge ended the year with approximately 17,300 miners delivered with an... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that Terence Burke has joined the company as General Counsel. Mr. Burke was previously assistant general counsel at First Solar, Inc. Prior to First Solar, he was an attorney with the Federal Energy Regulatory Commission ("FERC"). Before joining the FERC, Mr. Burke held senior legal positions at Entergy Corporation, Allegheny Energy, Inc. and... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that it completed the previously announced purchase of a former industrial site in Spartanburg, SC in early December. Consistent with its previously announced expectations, Greenidge commenced small-scale cryptocurrency mining at the site last week, in temporary space within an existing structure on the 175 acre property with over 750,000 square... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") issued the following update today regarding the pending application of its subsidiary, Greenidge Generation LLC, to renew its existing Title V air permit in New York : " Contrary to false information posted recently on several online message boards and social media platforms regarding the process for renewing Greenidge's existing Title V Air Permit, Greenidge's... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") announced today that it has published an updated corporate presentation with an accompanying webcast link. The presentation and webcast link can be found in the Investor Relations section of the company's website at https://ir.greenidge.com/events-presentations/presentations . About Greenidge Generation Holdings Inc. Greenidge Generation Holdings Inc. (NASDAQ:... Read More

Financial Highlights Total revenue increased to $35.8 million , up 484% year-over-year, and up 121% compared to the second quarter 2021 Cryptocurrency Mining revenue increased to $31.2 million , up 924% year-over-year, and up 122% compared to the second quarter 2021 Net loss was $7.9 million for the third quarter as compared to a loss of $0.3 million in the prior year and net income of $3.5 million in the second quarter of... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced the appointment of Robert Loughran as Chief Financial Officer, effective January 1, 2022 . Mr. Loughran will succeed Timothy Rainey , who will remain with Greenidge as Treasurer of Greenidge and CFO of the company's operating subsidiaries in New York . Mr. Loughran joined Greenidge as Chief Accounting Officer in June 2021 . Prior to Greenidge, he... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) today announced it will release third quarter 2021 financial results on Monday, November 15, 2021 . An earnings press release will be issued and a Form 10-Q will be filed prior to regular trading hours. The earnings release and 10-Q will be available on the company's website at https://ir.greenidge.com/ About Greenidge Generation Holdings Inc. Greenidge Generation Holdings... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced it has been selected by Bitmain as one of five global launch customers for Bitmain's newly announced ANTMINER S19 XP. The S19 XP technology requires approximately 27% less electricity per terahash than the most efficient bitcoin mining equipment currently available in the market. "We are excited to be chosen as a launch partner for this latest... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced new details regarding its plans to significantly expand beyond its current site in the State of New York . To achieve this expansion, Greenidge has more than doubled its recent order with Bitmain to 22,500 units; entered into an exclusive agreement with a developer with a development pipeline of at least 2,000MW of capacity in Texas ; entered... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") announced today that the underwriters for its previously announced public offering (the "Offering") of senior unsecured notes due 2026 (the "Notes") will exercise their option to purchase the maximum amount of additional Notes pursuant to the terms of the Offering. The underwriters have notified Greenidge that they will exercise an option to purchase an... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that it has upsized and priced its previously announced public offering (the "Offering") of 8.50% Senior notes due 2026 (the "Notes"). The size of the Offering increased from the previously announced $40.0 million aggregate principal amount to $50.0 million aggregate principal amount of Notes. The total net proceeds from the Offering are... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that it plans to offer $40 million in aggregate principal amount of senior unsecured notes due 2026 (the "Notes") in a registered underwritten public offering (the "Offering"). Greenidge intends to use the net proceeds from the Offering for general corporate purposes, including funding capital expenditures, future acquisitions, investments and... Read More

Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced selected preliminary financial and operating results for the three months ended September 30, 2021 . For the three months ended September 30, 2021 , Greenidge expects to report revenues in a range of $33 million to $37 million , net loss in a range of $(19) million to $(16) million , and Adjusted EBITDA in a range of $18 million to $22 million.... Read More