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Greenidge Generation Holdings Inc   (GREE)
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Price: $3.4900 $0.13 3.869%
Day's High: $3.63 Week Perf: -5.68 %
Day's Low: $ 3.26 30 Day Perf: -23.8 %
Volume (M): 218 52 Wk High: $ 9.26
Volume (M$): $ 761 52 Wk Avg: $3.92
Open: $3.26 52 Wk Low: $0.32



 Market Capitalization (Millions $) 25
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) -8,323
 Net Income (TTM) (Millions $) -304
 Cash Flow (TTM) (Millions $) -28
 Capital Exp. (TTM) (Millions $) 0

Greenidge Generation Holdings Inc
Greenidge Generation Holdings Inc is a company that operates a natural gas-fired power plant and cryptocurrency mining operation in New York. The company uses the excess heat generated from its power plant to mine cryptocurrencies, primarily Bitcoin. By utilizing this innovative approach, Greenidge aims to maximize its operational efficiency and capitalize on the growth potential of the cryptocurrency market. Additionally, the company is committed to employing sustainable practices by purchasing carbon offset credits equal to its direct emissions, making it carbon-neutral. Overall, Greenidge Generation Holdings Inc seeks to leverage its energy production capabilities to generate income through both traditional power generation and cryptocurrency mining.


   Company Address: 135 Rennell Drive Fairfield 6890 CT
   Company Phone Number: 718-5960   Stock Exchange / Ticker: NASDAQ GREE
   GREE is expected to report next financial results on March 30, 2024.


   

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Product Service News

Greenidge Generation Holdings Inc. (NASDAQ: GREE) has made significant strides in expanding its power capacity, adding 40 MW of cost-effective power through strategic property expansions in Mississippi and North Dakota. The vertically integrated cryptocurrency datacenter and power generation company has recently purchased 12 acres of land in Mississippi, boasting a mining capacity of 32.5 MW. Fu...

Published Mon, Mar 11 2024 1:00 PM UTC

Greenidge Generation Holdings Expands Power Capacity, Ushering in a New Era of Low-Cost Crypto Mining and Sustainable Energy SolutionsGreenidge Generation Holdings Inc. (NASDAQ: GREE) has made significant strides in expanding its power capacity, adding 40 MW of cost-effective power through strategic property expansions in Mississippi and North Dakota. The vertically integrat...

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Greenidge Generation Receives $6 Million Investment from Armistice Capital to Fuel Business Transformation and Expansion

Published Mon, Feb 12 2024 1:00 PM UTC

Greenidge Generation Secures $6 Million Investment from Armistice Capital to Accelerate Business Transformation and ExpansionDRESDEN, N.Y. - Greenidge Generation Holdings Inc. (NASDAQ: GREE), a pioneering cryptocurrency datacenter and electricity generation company, has announced a promising corporate milestone. The company recently finalized a securities purchase agreement ...

Business Update

Greenidge Generation Encounters Mixed Results in Fourth Quarter 2023: Reveals Preliminary Financial Findings

Published Thu, Feb 1 2024 1:00 PM UTC

Greenidge Generation Holdings Inc., (NASDAQ: GREE) a major vertically integrated cryptocurrency datacenter and power generation company, made public the preliminary financial and operational results for the final quarter of 2023. Despite some setbacks during the course of the year, the company announced favorable results in the mentioned quarter. The company, based out of Dr...

Product Service News

Greenidge Generation Strengthens Virtual Experience Capabilities with Infinite Reality Partnership Despite Market Headwinds

Published Tue, Dec 12 2023 1:30 PM UTC


Greenidge Generation Holdings Inc. (NASDAQ: GREE), a leading cryptocurrency datacenter and power generation firm, has heralded a significant strategic alliance with Infinite Reality, Inc., demonstrating a robust commitment to embracing the opportunities of the digital era, despite reporting decreasing revenues amid stiff market competition. The company's visionary step ...

Greenidge Generation Holdings Inc

Greenidge Generation Holdings Inc Struggles in Q3 2023: Dwindling Orders and Revenue Plunge Lead to Sharp Increase in Net Losses



Greenidge Generation Holdings Inc, a company in the Miscellaneous Financial Services sector, reported disappointing financial results for the interval ending September 30, 2023. Declining orders and a significant drop in revenue have led to a sharp increase in net losses for the company. Despite positive performance in the broader sector, Greenidge Generation Holdings Inc has struggled in the third quarter of 2023.
Losses and declining revenue:
During the financial interval ending September 30, 2023, Greenidge Generation Holdings Inc experienced a net loss per share of $-1.96, compared to $-0.55 in the same period a year earlier. This represents a significant increase in losses, demonstrating the challenges faced by the company. Additionally, revenue dropped by -28.884% to $20.88 million, down from $29.36 million in the previous year. This decline in revenues further contributes to the company's disappointing financial performance.






 

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