Greenidge Generation Holdings Inc. Segments Disclosure
| Years Ended December 31, | |||||||||||
| $ in thousands | 2025 | 2024 | |||||||||
| Segment revenue | $ | 58,777 | $ | 59,533 | |||||||
| Less: | |||||||||||
| Natural Gas Expense | 22,442 | 16,168 | |||||||||
| Electricity for Mining Expense | 4,399 | 3,044 | |||||||||
| Emissions Expense | 10,555 | 8,676 | |||||||||
| Hosting Fee Expense | 580 | 3,428 | |||||||||
| Other Cost of Revenue (a) | 11,791 | 9,792 | |||||||||
| Segment gross profit | $ | 9,010 | $ | 18,425 | |||||||
| Depreciation | 11,810 | 13,471 | |||||||||
| Selling, general and administrative | 12,498 | 17,294 | |||||||||
| Impairment of equity securities | — | 869 | |||||||||
| (Gain) loss on sale of assets | (11,475) | 641 | |||||||||
| Impairment of long-lived assets | — | 169 | |||||||||
| Gain on insurance proceeds | (399) | — | |||||||||
| Remeasurement of environmental liability | 350 | 453 | |||||||||
| Interest expense, net | 4,033 | 7,082 | |||||||||
| Change in fair value of warrant asset | — | 477 | |||||||||
| Loss (gain) on digital assets | 21 | (2,154) | |||||||||
| Gain on troubled debt restructuring | (11,862) | — | |||||||||
| Gain on extinguishment of debt | (406) | — | |||||||||
| Loss on liquidation of subsidiary | 348 | — | |||||||||
| Gain on non-refundable deposit | (400) | — | |||||||||
| Gain on settlement of related party liability | (224) | — | |||||||||
| Other income, net | (91) | (23) | |||||||||
| Benefit from income taxes | (479) | (69) | |||||||||
| Segment net income (loss) | $ | 5,286 | $ | (19,785) | |||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2021 | Mar 31, 2022 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.