Greenidge Generation Holdings

Support.com Inc is engaged in the provision of cloud-based software and services, which enables technology support for a connected world. The company offers turnkey, outsourced support services for service providers, retailers, internet of things solution providers, and technology companies. The firm's technology support services programs are designed for both the consumer and small and medium business markets and include computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support. Geographically, the company has a presence across the region of the US, Philippines and India.

Support.com

Greenidge Generation Holdings, Inc. owns and operates a vertically integrated Bitcoin mining and power generation facility. It engages in the mining of Bitcoin and contributes to the security and transactability of the Bitcoin ecosystem while concurrently meeting the power needs of homes and businesses. The company was founded in 2014 and is headquartered Dresden, NY.

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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 to $(20) million for the quarter Expects Adjusted EBITDA of approximately $(3) million to approximately $(1) million for the quarter Expects LTM Adjusted EBITDA of $28 million to $30 million Produced approximately 866 bitcoin during the third quarter, of which approximately 278 were produced in September 2022 Power plant uptime of 100.0% in third quarter, 99.9% YTD, and 98.4% LTM, including downtime for scheduled maintenance outages Mining capacity of approximately 2.4 EH/s from approximately 24,500 miners in service as of September 30, 2022 Approximately $39 million in cash and fair value of cryptocurrency holdings at September 30, 2022. Adjusted EBITDA and last twelve months ("LTM") Adjusted EBITDA are non-GAAP measures.

Greenidge Generation Announces Leadership Transition, Board Changes and Selected Preliminary Financial and Operating Results for Third Quarter 2022

September 12, 2022 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.

Greenidge Generation Provides August 2022 Operational Update

Greenidge Generation Holdings Inc. (NASDAQ:GREE ) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET Company Participants Tom Champion - VP of Investor Relations and Business Development Jeff Kirt - Chief Executive Officer Bob Loughran - Chief Financial Officer Terence Burke - General Counsel Operator Good afternoon. I'm Tom Champion from Greenidg Generation Investor Relations, and thank you for joining us.

Greenidge Generation Holdings Inc. (GREE) CEO Jeff Kirt on Q2 2022 Results - Earnings Call Transcript

Fairfield, Conn. , Aug. 5, 2022 /PRNewswire/ -- 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 Generation Announces Date for Release of Second Quarter 2022 Results, Provides Details for Management Presentation

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Greenidge Generation Holdings Inc. ("Greenidge" or the "Company") (NASDAQ: GREE).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Greenidge Generation Holdings Inc. - GREE

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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 FAIRFIELD, Conn.

Greenidge Generation Provides June 2022 Operational Update

Los Angeles, California--(Newsfile Corp. - July 8, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Greenidge Generation Holdings Inc. ("Greenidge" or "the Company") (NASDAQ: GREE) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The New York State Department of Environmental Conservation ("DEC") issued...

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Greenidge Generation Holdings Inc. with Losses of $100,000 to Contact the Firm

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 FAIRFIELD, Conn. , June 30, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, issued the following statement and information today regarding the New York State Department of Environmental Conservation's (NYSDEC) decision to deny the pending application to renew the existing Title V Air Permit for the company's Dresden, NY facility.

Greenidge Generation's Operations in New York to Continue Following NYSDEC Decision

FAIRFIELD, Conn. , June 21, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that Thomas A.

Thomas A. Champion Joins Greenidge Generation as VP of Investor Relations and Business Development

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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 FAIRFIELD, Conn. , June 8, 2022 /PRNewswire/ -- 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 May 2022.

Greenidge Generation Provides May 2022 Operational Update

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 approximately 1.6 EH/s from approximately 19,400 miners at March 31, 2022 Approximately $126 million of liquidity as of March 31, 2022 consisting of approximately $98 million in cash and fair value of cryptocurrency holdings and approximately $28 million in undrawn financing commitments Approximately $135 million of additional cash on deposit with Bitmain as of March 31, 2022 100% of miners scheduled for delivery to date have been deployed April 2022 Operational Update Produced approximately 197 bitcoin in April 2022 Approximately 1.6 EH/s of mining capacity from approximately 19,600 miners as of April 30, 2022 22% of hash rate capacity located at Spartanburg, SC facility FAIRFIELD, Conn. , May 16, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the first quarter of 2022 and also provided an operational update for the month of April 2022.

Greenidge Generation Reports First Quarter 2022 Results and Provides April 2022 Operational Update

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 approximately 19,400 miners at March 31, 2022 Approximately $122 million of liquidity as of March 31, 2022 consisting of approximately $97 million in cash and fair value of cryptocurrency holdings and approximately $25 million in undrawn financing commitments Approximately $135 million of additional cash on deposit with Bitmain Approximately 29,800 miners delivering from Bitmain during remainder of 2022 representing approximately 3.1 EH/s of additional mining capacity, bringing total pro forma capacity to approximately 4.7 EH/s 100% of miners scheduled for delivery to date have been deployed 17% of hash rate capacity located at Spartanburg, SC less than four months after acquiring the site FAIRFIELD, Conn. , April 21, 2022 /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 2022.

Greenidge Generation Announces Selected Preliminary Financial and Operating Results for First Quarter 2022

Today, investors in Greenidge Generation Holdings and GREE Stock seem to like more than the company's earnings. The stock is up more than 30%.

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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 million – in line with February 2022 guidance of $18 million to $20 million Adjusted EBITDA margin of 43.2%, compared to 19.2% in the prior year Produced 609 bitcoins in the fourth quarter Mining capacity of approximately 1.4 EH/s from 17,300 miners as of December 31, 2021 Adjusted net income of $7.6 million Completed acquisition of Spartanburg, SC site and commenced operations at the facility within one week Cash, short term investments and cryptocurrency holdings of $84.4 million as of December 31, 2021 Full Year 2021 Highlights Total revenue increased to $107.3 million, up 433% year-over-year Cryptocurrency datacenter revenue increased to $87.9 million, up 575% year-over-year GAAP Net Loss of $44.5 million, including the $42.3 million noncash goodwill impairment charge, as compared to a net loss of $3.3 million in the prior year Adjusted EBITDA of $52.9 million – consistent with $52 million estimate provided in March of 2021 Adjusted net income of $26.8 million Produced 1,866 bitcoins during 2021 First Quarter 2022 Highlights Mining fleet as of March 31, 2022 consists of approximately 19,400 miners with approximately 1.6 EH/s of capacity 17% of hash rate capacity located at Spartanburg, SC less than four months after operations commenced at facility 29,600 additional miners contracted for delivery during the balance of 2022 from Bitmain representing approximately 3.1 EH/s of additional capacity Received and deployed approximately 11,800 miners in last twelve months with 97% deployed as scheduled Over $115 million of liquidity as of March 31, 2022 consisting of over $90 million in cash and fair value of crypto holdings and over $25 million in undrawn financing commitments Over $135 million of cash on deposit with Bitmain as of March 31, 2022 FAIRFIELD, Conn. , March 31, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2021 and provided an update regarding the first quarter of 2022.

Greenidge Generation Reports Fourth Quarter and Full Year 2021 Results and Provides First Quarter 2022 Update

FAIRFIELD, Conn. , March 24, 2022 /PRNewswire/ -- 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.

Greenidge Generation Closes Over $100 Million in New Financings to Fund Expansion Outside of New York

NEW YORK--(BUSINESS WIRE)-- #Generation--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”) (NASDAQ: GREE) on behalf of Greenidge stockholders. Our investigation concerns whether Greenidge has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On February 2, 2022, Greenidge announced selec

GREENIDGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Greenidge Generation Holdings Inc. on Behalf of Greenidge Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Greenidge Generation Holdings Inc. (“Greenidge ” or the “Company”) (NASDAQ: GREE) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Greenidge investments or would like to inquire about potentially pursuing claims to recover your loss under the

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Greenidge Generation Holdings Inc. (GREE) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)--Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”) (NASDAQ: GREE; GREEL). Investors who purchased Greenidge shares are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/gree. The investigation concerns whether Greenidge and certain of its officers and/or directors ha

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Greenidge Generation Holdings Inc. (GREE; GREEL) Investigation

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”) (NASDAQ: GREE) investors concerning the Company's possible violations of federal securities laws. On February 2, 2022, Greenidge announced selected preliminary operating results for the fourth quarter and full year of 2021. Among other results, the Company reported that it “[e]xpects GAAP Net Loss of $(51) to $(41) million, incl

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Greenidge Generation Holdings Inc. (GREE) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Greenidge Generation Holdings Inc. (“Greenidge ” or the “Company”) (NASDAQ: GREE) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On February 2, 2022, Greenidge announced selected preliminary operating results for the fourth quarter and full year of 2021. Among other results, the Comp

The Law Offices of Frank R. Cruz Announces Investigation of Greenidge Generation Holdings Inc. (GREE) on Behalf of Investors

FAIRFIELD, Conn., Feb. 2, 2022 /PRNewswire/ -- Fourth Quarter Highlights: Expects Fourth Quarter Revenue of approximately $44 million Expects GAAP Net Loss of $(51) to $(41) million, including a noncash goodwill impairment charge related to the Support.com business of $42 to $47 million Expects Adjusted EBITDA1 of $18 to $20 million Mined 609 bitcoin Mining capacity of approximately 1.4 EH/s from 17,300 miners as of December 31, 2021 $85 million of cash, short-term investments and fair market value of cryptocurrency holdings at year end Full Year Highlights: Expects Full Year Revenue of approximately $107 million Expects GAAP Net Loss of $(54) to $(44) million, including the $42 to $47 million noncash goodwill impairment charge Expects Adjusted EBITDA1 of $51 to $54 million Mined 1,866 bitcoin Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced selected preliminary financial and operating results for the three months and year ended December 31, 2021.

Greenidge Generation Announces Selected Preliminary Operating Results for Fourth Quarter and Full Year 2021

FAIRFIELD, Conn., Jan. 25, 2022 /PRNewswire/ -- 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.

Greenidge Generation Establishing Operations in Spartanburg County, SC

FAIRFIELD, Conn., Jan. 7, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced bitcoin ("BTC") production and mining capacity for December 2021.

News for Greenidge Generation Holdings Stock (GREE)