Greenidge Generation Holdings Inc.

Listed Company

GREECIK 0001844971NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$58.78M

Net Income

$5.29M

Total Assets

$53.55M

Equity

$-46.30M

Shares Out

15.80M

Op. Cash Flow

$-14.99M

Business

Greenidge Generation Holdings Inc. is a developer and operator of datacenters focused on cryptocurrency mining and related infrastructure development. The company offers datacenter hosting, bitcoin self-mining, power and capacity sales, engineering procurement and construction management (EPCM) services, and a portable Pod X mining solution. Its operations are organized around vertically integrated cryptocurrency datacenter operations and power generation, including a behind-the-meter power plant, hosting contracts, and site development activities. Greenidge distributes services and power across the United States, with operational sites and hosting arrangements in New York, Mississippi, North Dakota and other U.S. locations, and participates in wholesale electricity markets and third-party hosting relationships.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	59	60	70	—	—
Depreciation	12	13	14	—	—
Selling, general and administrative	12	17	26	35	24
Loss (gain) on digital assets	21,000	−2	0	—	—
(Gain) loss on sale of assets	−11	641,000	−10	−2	0
Impairment of long-lived assets	0	200,000	4	176	0
Gain on insurance proceeds	−399,000	0	—	—	—
Remeasurement of environmental liability	350,000	453,000	2	17	4
Total operating costs and expenses	63	71	87	323	65
Operating Loss	−4	−11	−17	−233	33
Interest expense, net	−4	−7	−13	—	—
Change in fair value of warrant asset	0	−500,000	0	—	—
Impairment of equity securities	0	−900,000	0	—	—
Gain on troubled debt restructuring	12	0	—	—	—
Gain on extinguishment of debt	406,000	0	—	—	—
Loss on liquidation of subsidiary	−348,000	0	—	—	—
Gain on non-refundable deposit	400,000	0	—	—	—
Gain on settlement of related party liability	200,000	0	—	—	—
Other income, net	91,000	23,000	0	14,000	153,000
Total other income (expense), net	9	−8	−12	−22	−3
Income (loss) before taxes	5	−20	−29	—	−44
Benefit from income taxes	−479,000	−69,000	0	15	8
Net income (loss)	5	−20	−30	−271	−44
Foreign currency translation adjustment	0	−3,000	12,000	−357,000	—
Reclassification of foreign currency translation adjustment realized upon liquidation of foreign subsidiary	348,000	0	—	—	—
Comprehensive income (loss)	6	−20	−29	−271	—
Basic (in dollars per share)	0.35	−1.88	−4.43	−63.97	−1.41
Diluted (in dollars per share)	0.34	−1.88	−4.43	−63.97	−1.23
Basic (in shares)	15	11	7	4	32
Diluted (in shares)	15	11	7	4	37

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	20	9	—	15	83
Digital assets	6	7	—	—	—
Accounts receivable	2	1	358,000	3	237,000
Prepaid expenses and current other assets	2	3	4	6	7
Emissions and carbon offset credits	5	7	6	1	2
Income tax receivable	500,000	0	857,000	798,000	0
Total current assets	35	27	24	33	101
Property and equipment, net	16	30	45	130	216
Other long-term assets	2	569,000	2	292,000	2
Long-term assets held for sale	900,000	7	0	0	8
Total assets	54	65	71	164	341
Accounts payable	2	4	3	10	6
Accrued emissions expense	15	9	11	6	3
Accrued expenses	3	4	6	11	7
Short-term environmental liability	0	250,000	363,000	600,000	0
Current portion of long term debt	40	0	0	67	20
Contract liability	2	2	0	—	—
Related party payable	164,000	0	—	0	736,000
Total current liabilities	63	19	21	99	42
Long-term debt, net of current portion	3	68	69	85	75
Environmental liabilities	31	30	30	27	11
Other long-term liabilities	3	3	3	107,000	193,000
Total liabilities	100	121	122	211	129
COMMITMENTS AND CONTINGENCIES (NOTE 10)	—	—	—	—	—
Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding	0	0	0	0	0
Common stock, par value $0.0001, 500,000,000 shares authorized, 15,801,997 and 13,025,627 shares issued and outstanding as of December 31, 2025 and 2024, respectively	2,000	1,000	1,000	0	4,000
Cumulative translation adjustment	0	−348,000	−345,000	−357,000	0
Additional paid-in capital	338	334	320	294	282
Accumulated deficit	−384	−390	−370	−340	−69
Total stockholders' deficit	−46	−56	−51	−47	212
Total liabilities and stockholders' deficit	54	65	71	164	341

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	12	13	14	—	—
Amortization of debt (premium) discount and issuance costs	−738,000	974,000	—	—	—
Stock-based compensation expense	760,000	2	2	3	4
Revenues from digital assets production	−15	−19	0	—	—
Proceeds from sale of digital assets	0	11	0	—	—
Accounts receivable	−461,000	−1	2	−2	153,000
Emissions and carbon offset credits	2	−1	−4	1	−439,000
Prepaid expenses and other assets	802,000	770,000	3	1	−7
Accounts payable	−2	1	−3	−48,000	1
Accrued emissions expense	7	−2	4	3	552,000
Accrued expenses	−832,000	−2	−3	5	6
Income tax receivable	−512,000	857,000	−59,000	−3	2
Contract liabilities	−19,000	2	0	—	—
Related party payables	2	0	3	0	−426,000
Other	−1	−192,000	−551,000	433,000	0
Net cash flow used for operating activities	−15	−12	—	—	40
Purchases of and deposits for property and equipment	−2	−10	−13	−133	−164
Proceeds from sale of digital assets	16	3	0	—	—
Proceeds from insurance claim	399,000	0	—	—	—
Proceeds from sales of assets	23	3	7	11	0
Net cash flow provided by (used for) investing activities	37	−4	—	—	−136
Repurchases of Senior Notes	−742,000	0	—	—	—
Proceeds from issuance of common stock, net of issuance costs	0	5	21	10	47
Proceeds from issuance of common stock and pre-funded warrants	0	6	0	—	—
Principal payments on debt	−10	0	−7	−54	−8
Net cash flow provided by (used for) financing activities	−11	11	14	62	174
CHANGE IN CASH AND CASH EQUIVALENTS	11	−5	—	—	—

Filings

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