Greenidge Generation Holdings

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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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FAIRFIELD, Conn., Jan. 7, 2022 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that Terence Burke has joined the company as General Counsel.

Terence Burke Joins Greenidge Generation As General Counsel

SPARTANBURG, S.C., Dec. 23, 2021 /PRNewswire/ -- 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.

GREENIDGE GENERATION COMPLETES PURCHASE OF PREVIOUSLY ANNOUNCED SOUTH CAROLINA SITE

GREE is already generating free cash flow and has strong ownership characteristics. GREE is a grossly undervalued, growing, and low-cost bitcoin miner on absolute terms as well as vis-a-vis its peers.

Greenidge Generation: A Grossly Undervalued Bitcoin Mining Company

GREE stock is trading down today as Sen. Elizabeth Warren targets the company's energy output and consumption in a letter to CEO Jeff Kirt.

GREE Stock Is on the Skids as Elizabeth Warren Questions Greenidge's Energy Use

Greenidge's total revenue in Q3 2021 surged 484% (YoY) at $35.8 million and +121% against the prior quarter.

Greenidge Generation Holdings: Potential Upside Ahead Of New Green Mining Tech Launch In 2022

DRESDEN, N.Y., Dec. 1, 2021 /PRNewswire/ -- 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 existing permit has not been suspended or changed in any way.

Greenidge Provides Update on Renewal of Existing Title V Air Permit for Dresden Facility

DRESDEN, N.Y., Nov. 16, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") announced today that it has published an updated corporate presentation with an accompanying webcast link.

Greenidge Generation Publishes Updated Corporate Presentation

DRESDEN, N.Y., Nov. 15, 2021 /PRNewswire/ -- 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 2021 Adjusted EBITDA of $21.2 million, compared to $0.8 million in the prior year, and $8.1 million in the second quarter of 2021 – at the high end of October guidance of $18 million to $22 million Adjusted EBITDA margin of 59.2%, compared to 12.7% in the prior year, and 49.9% in the second quarter of 2021 Adjusted net income of $12.2 million Cash, short term investments and bitcoin holdings of $53.0 million as of September 30, 2021 and approximately $105 million as of November 14, 2021 Cryptocurrency Mining Highlights Mined 729 bitcoins, compared to 246 bitcoins in the third quarter of the prior year and 315 bitcoins in the second quarter of 2021 Approximately 15,300 miners deployed with 1.2 EH/s capacity as of September 30, 2021 Ordered additional miners after September 30, 2021 bringing total committed capacity to approximately 49,000 miners and 4.7 EH/s of capacity, including Greenidge's launch order for Bitmain's new ANTMINER S19 XP Corporate Highlights Appointed Robert Loughran as Chief Financial Officer Raised $101.2 million in net proceeds through combined debt and equity sales since September 30, 2021 Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge"), a vertically integrated bitcoin mining and power generation company committed to 100% carbon-neutrality, announced results for the third quarter ended September 30, 2021.

Greenidge Generation Reports Third Quarter 2021 Results

DRESDEN, N.Y., Nov. 15, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced the appointment of Robert Loughran as Chief Financial Officer, effective January 1, 2022.

Greenidge Generation Appoints New Chief Financial Officer

DRESDEN, N.Y., Nov. 11, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) today announced it will release third quarter 2021 financial results on Monday, November 15, 2021.

Greenidge Generation to Report Third Quarter 2021 Results

Moving higher once again, after its extended plunge, can the rebound continue for GREE stock? It's possible.

2 Pathways Remain to Ensure Greenidge Generation's Long-Term Success

DRESDEN, N.Y. and DUBAI, United Arab Emirates, Nov. 10, 2021 /PRNewswire/ -- 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.

Greenidge Generation Selected as Launch Customer for Next Generation Bitmain Equipment

Greenidge Generation has been a fiasco for investors since its recent reverse split. However, GREE stock could rebound as it has a decent business plan.

Bitcoin Miner Greenidge Generation Is Too Speculative to Truly Trust Yet

GREE stock is suffering from the inevitable post-merger dip. However, it will recover as Bitcoin continues to gain in both price and utility.

Greenidge Generation Is a Cautious Buy After a Steep Post-Merger Drop

GREE stock could rise substantially as it's clear that cash flow will rise with its new developments and the Bitcoin price spike. The post Greenidge Generation Looks Pretty Cheap Now That Bitcoin Is Rising appeared first on InvestorPlace.

Greenidge Generation Looks Pretty Cheap Now That Bitcoin Is Rising

Greenidge Generation Holdings Inc (NASDAQ:GREE) is trading significantly higher Friday following notable options activity and bullish commentary from traders on Twitter.  Friday's trading volume was around 18 million at publication time, according to data from Benzinga Pro.

What's Going On With Bitcoin Mining Stock Greenidge Generation Holdings Today?

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After a precipitous drop, GREE stock is now priced right as Greenidge Generation ramps up its mining rig count for maximum revenues. The post Greenidge Is Heating Up as a Carbon-Neutral Bitcoin Mining Play appeared first on InvestorPlace.

Greenidge Is Heating Up as a Carbon-Neutral Bitcoin Mining Play

Fans of Greenidge Generation received good news that the crypto minder was expanding. GREE stock is heading down.

GREE Stock Is Falling Despite Expansion News. Here's What to Know.

DRESDEN, N.Y., Oct. 21, 2021 /PRNewswire/ -- 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.

Greenidge Generation Announces Comprehensive Expansion Plans

The SDIG stock IPO is proving to be one of the hottest of the year as the sustainable crypto mining venture gains over 50% on its first day. The post SDIG Stock IPO: 11 Things to Know as Crypto Miner Stronghold Digital Starts Trading appeared first on InvestorPlace.

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DRESDEN, N.Y., Oct. 13, 2021 /PRNewswire/ -- 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.

Greenidge Generation Announces Senior Note Underwriters Will Exercise Option to Purchase Additional Notes

Greenidge Generation Holdings is first and foremost a vertically integrated Bitcoin mining company. That puts obstacles in front of GREE stock that make it hard to buy.

Converging Trends Conspire to Tamp Down Greenidge Generation Stock Gains

DRESDEN, N.Y., Oct. 8, 2021 /PRNewswire/ -- 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").

Greenidge Generation Announces Upsizing and Pricing of 8.50% Senior Unsecured Notes Due 2026

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With GREE stock stabilizing after its post-merger selloff, it may be worth initiating a bullish position in this crypto mining play. The post With Greenridge Stock Bottoming, It May Be Time to Buy Some Shares appeared first on InvestorPlace.

News for Greenidge Generation Holdings Stock (GREE)