| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2022 | $10.00 | Hold | Stifel |
| 9/29/2021 | $78.00 | Buy | B. Riley Securities |
Kenneth Fearn and Christopher Krug to Join Board as Independent Directors, Bringing Proven Public Company Track Records David Anderson and Daniel Rothaupt to Retire from Board in Alignment with Ongoing Board Refreshment Timothy Fazio Elected as Chairman of the Board Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced the appointment of Kenneth Fearn and Christopher Krug to its Board of Directors (the "Board") as independent directors, effective April 17, 2025. Both Mr. Fearn and Mr. Krug bring robust financial experience and expertise to the Board. Mr. Fearn is an
Improvement on All Operational Metrics from Q3 2024 Reduced SG&A Expenses by $8.9 million in 2024 Seeking to Acquire Over 200MW of Energy Assets and Significantly Reduce Debt in 2025 to Implement Growth Strategies Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024 and provided an update on the Company's growth prospects. Fourth Quarter 2024 Preliminary Financial Results: Total revenue of $14.8 million, an improvement of $2.4 million from Q3 2024; Net loss from continuing
HOUSTON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Data Journey LLC, a leading woman and minority-owned data center provider, is proud to announce the acquisition of its third property, the Spartanburg site, from Greenidge Generation Holdings Inc. (NASDAQ:GREE) for $12.1 million. The purchase is a significant milestone for Data Journey as it marks their entry into the South Carolina market and supports the company's aggressive growth trajectory. Under the leadership of CEO and Founder Dr. Ishnella Kaur Azad, Data Journey is focused on building a more inclusive, sustainable, and scalable future for the data center industry. As the first woman and minority-owned company in this sector, Data Jou
Marks Greenidge's First Large-Scale Entry into the Data Center Space as the Company Will Continue Working with Data Journey in Development of Site Highlights Greenidge and Data Journey's Intention To Partner on Additional Future Sites Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency data center and power generation company, today announced that it has entered into a definitive agreement to sell its 152-acre Spartanburg, South Carolina property (the "Spartanburg property") to Data Journey LLC ("Data Journey") for $12.1 million in cash and an 8% profit participation interest in the property's planned data center. Gre
DEC's Denial of Air Permit Rejected by the Court; Deemed "Arbitrary and Capricious" Greenidge's NY Facility to Continue Operations, Providing High-Tech Local Jobs and Power to the Electrical Grid Daily Seventh Court Ruling on Greenidge Operations – Seven Decisions in Favor of Greenidge Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, issued the following information and statement regarding the ruling today from New York Supreme Court Judge Vincent Dinolfo rejecting the New York State Department of Environmental Conservation's ("DEC") action to deny Greenidge's application fo
Exceeds or Meets High End of Range for All Figures Reported in Preliminary Results Provides Update on Fleet Upgrade and Continued SG&A Expense Reduction Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the third quarter of 2024. Third Quarter 2024 Financial Results: Total revenue of $12.4 million; Net loss from continuing operations of $6.3 million; EBITDA loss of $1.2 million; Adjusted EBITDA loss of $0.1 million; Cryptocurrency mining revenue of $3.3 million; Datacenter hosting revenue of $6.5 million; Power an
Reports SG&A expense reduction of approximately $9.1 million year to date in 2024 from ongoing SG&A reduction program compared to the same period in 2023 Beats yearly SG&A reduction goal by over $2.0 million at the end of the third quarter Cryptocurrency mining and datacenter hosting operations produced approximately 167 bitcoin in the third quarter Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the third quarter of 2024, including notable updates on the Company's ongoing SG&A expense reduction efforts as well as
Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided a bitcoin production update for August of 2024. The Company also highlighted CEO Jordan Kovler's presentation at the H.C. Wainwright Annual Global Investment Conference, taking place today, September 9, 2024, at 10:30AM ET. Greenidge will be filing an updated investor presentation in conjunction with the event. Greenidge produced approximately 55 bitcoin in August, of which 17 bitcoin were produced by Greenidge-owned miners and 38 were produced through our datacenter hosting. Greenidge's hash rate in August was appro
Reports SG&A reductions of $6.4 million in the first six months of 2024 vs. 2023 Expects a significant boost in earnings in subsequent quarters due to ongoing cost savings and introduction of new offerings Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge") or (the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the second quarter 2024 and provided an update on the actions the Company has taken to continue the transformation of the business. Second Quarter 2024 Financial Results: Total revenue of $13.1 million; Net loss from continuing operations of $5.5 million; EBITDA loss o
Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided a bitcoin production update for the second quarter and July of 2024. April 2024: Greenidge produced approximately 120 bitcoin in April, of which 44 bitcoin were produced by Greenidge-owned miners and 76 were produced through our datacenter hosting. Greenidge's hash rate in April was approximately 2.80 EH/s, with 1.03 EH/s from Greenidge-owned miners and 1.77 EH/s from our datacenter hosting. May 2024: Greenidge produced approximately 57 bitcoin in May, of which 15 bitcoin were produced by Greenidge-owned miners
Kenneth Fearn and Christopher Krug to Join Board as Independent Directors, Bringing Proven Public Company Track Records David Anderson and Daniel Rothaupt to Retire from Board in Alignment with Ongoing Board Refreshment Timothy Fazio Elected as Chairman of the Board Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced the appointment of Kenneth Fearn and Christopher Krug to its Board of Directors (the "Board") as independent directors, effective April 17, 2025. Both Mr. Fearn and Mr. Krug bring robust financial experience and expertise to the Board. Mr. Fearn is an
Jordan Kovler Appointed Chief Executive Officer David Anderson to Transition to Chairman of the Board of Directors 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 Executive Officer. Mr. Anderson will remain on the Company's Board of Directors (the "Board") and will become Chairman of the Board, replacing Timothy Fazio in that role, who will remain on the Company's Board as a director. All of the executive transitions, which have been approved by the Board, are effective as of
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 has designed and implemented solutions to special corporate situations, consulting on contested board elections, mergers and acquisitions, investor relations, and corporate governance and communications practices. In 2016, he co-founded a consulting and proxy solicitation fir
Leadership Transition Jeffrey Kirt to resign from his roles as CEO and Director, effective October 7, 2022David Anderson appointed as CEO and Director, effective October 8, 2022Scott MacKenzie appointed as Chief Strategy Officer, effective October 8, 2022Third Quarter 2022 Highlights Expects Revenue of approximately $29 million for the third quarter of 2022Expects GAAP net loss in a range of approximately $(22) million to $(20) million for the quarterExpects Adjusted EBITDA of approximately $(3) million to approximately $(1) million for the quarterExpects LTM Adjusted EBITDA of $28 million to $30 millionProduced approximately 866 bitcoin during the third quarter, of which approximately 278 w
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. 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 spent 30 years leading high-performing accounting and finance teams. His last two roles were with publicly traded companies Tronox Holdings PLC and Avon Products, Inc. Mr. Loughran began his accounting career at PricewaterhouseCoo
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Stifel initiated coverage of Greenidge Generation with a rating of Hold and set a new price target of $10.00
B. Riley Securities initiated coverage of Greenidge Generation with a rating of Buy and set a new price target of $78.00
HOUSTON, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Data Journey LLC, a leading woman and minority-owned data center provider, is proud to announce the acquisition of its third property, the Spartanburg site, from Greenidge Generation Holdings Inc. (NASDAQ:GREE) for $12.1 million. The purchase is a significant milestone for Data Journey as it marks their entry into the South Carolina market and supports the company's aggressive growth trajectory. Under the leadership of CEO and Founder Dr. Ishnella Kaur Azad, Data Journey is focused on building a more inclusive, sustainable, and scalable future for the data center industry. As the first woman and minority-owned company in this sector, Data Jou
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 Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge"), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2023 and provided an update on the actions the Company has taken to continue the transformation of the business. Fourth Quarter 2023 Financial Results: Total revenue of $19.6 million; Net income from continuing operations of $2.7 million, above guidance
Company Reschedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call 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 announced on February 1, 2024. Greenidge also announced that it has postponed the release of its financial results and conference call for the fourth quarter and full-year 2023, which were previously scheduled for March 27, 2024, to April 9, 2024. Greenidge requires additional time to complete its annual audit proc
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 Greenidge Generation Holdings Inc. (NASDAQ:GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that it has expanded its U.S. footprint with access to 40 MW of low-cost power through property expansions in Mississippi and North Dakota. Greenidge purchased 12 acres with 32.5 MW of mining capacity in Mississippi and is in the process of deploying 7 MW
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"), a leading global provider of cutting-edge virtual, AI-powered immersive experiences, and Ethereal Engine ("Ethereal"), a creator of end-to-end frameworks for web-first, social immersive experiences, announced today that the companies have completed a share-for-share acquisition valuing Infinite Reality at $2.5 billion and Ethereal Engine at $75 million. Thi
RealDefense Expands Service Portfolio with the Strategic Support.com Acquisition RealDefense, a leading company specializing in consumer security, privacy, and productivity software and support services, announces its successful acquisition of Support.com from parent company Greenidge Generation Holdings, Inc. (NASDAQ:GREE). This strategic move is part of RealDefense's ongoing mergers and acquisitions (M&A) and roll-up strategy, aimed at expanding its service offerings. The acquisition includes Support.com's customer base, call center operations, and related domain names, as well as its remote IT support technology platform and services businesses, including Remote IT Helpdesk and Conne
FAIRFIELD, Conn., Dec. 20, 2022 /PRNewswire/ -- 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 capacityGreenidge 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 in Greenidge largely operating miners owned by NYDIG, rather than operating miners owned by GreenidgeGreenidge may transfer certain credits, coupons and additional assets to NYDIG, including mining infrastructure awaiting deplo
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's earnings results will be posted to its website http://ir.greenidge.com once released. Greenidge will also host a management presentation on Monday, August 15, 2022 at 5 p.m. Eastern time. Greenidge's management team will discuss the financial results and provide a general business update. A link to the management presentation will be available on Greenidge's Investor Rela
Fourth Quarter 2021 Highlights Total revenue increased to $44.3 million, up 617% year-over-yearCryptocurrency datacenter revenue increased to $33.7 million, up 676% year-over-yearGAAP 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 yearAdjusted EBITDA of $19.1 million – in line with February 2022 guidance of $18 million to $20 millionAdjusted EBITDA margin of 43.2%, compared to 19.2% in the prior yearProduced 609 bitcoins in the fourth quarterMining capacity of approximately 1.4 EH/s from 17,300 miners as of December 31, 2021Adjusted net
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. 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 Inc. (NASDAQ: GREE) is a vertically integrated bitcoin mining and power generation company. Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsett