GREE
Greenidge Generation Holdings Inc.1.6300
+0.0700+4.49%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
25.75MP/E (TTM)
-Basic EPS (TTM)
-0.15Dividend Yield
0%Recent Filings
10-K
FY2025 results
Greenidge swung to $5.3M net income in FY2025 ended December 31 from a $19.8M loss, fueled by $58.8M revenue flat y/y yet rebalanced: power/capacity doubled to $22.1M (37% mix) on 36% higher MWh and 72% richer pricing, offsetting 28% hosting drop to $21.5M and 20% self-mining dip to $15.2M amid post-halving bitcoin rewards cut and 47% network difficulty spike—yet average bitcoin price soared 54% to $101K. Q4 debt maneuvers slashed Senior Notes from $68.5M to $36.7M via $31M exchanges/repurchases, netting $12.3M gain; South Carolina land sale added $18M cash, $10.5M gain. Cash hit $19.6M, net debt $12.9M. Bitcoin volatility reigns.
8-K
Amends note exchange; low tenders
Greenidge amended its exchange offer for 8.50% Senior Notes due 2026, launched March 11, now offering $25 principal of New Notes plus two Class A shares per $25 Old Notes tendered. As of March 25 withdrawal deadline, only $1.3M of $36.7M outstanding notes tendered—low uptake. Holders need no further action. Forward-looking statements carry risks per 10-K.
8-K
Launches notes exchange offer
Greenidge launched an exchange offer for its $36.7 million 8.50% Senior Notes due 2026, swapping for 10.00% Senior Notes due 2030 at $25 principal per $25 tendered—plus two Class A shares if early by March 25. Early premium hits 45% over 60-day VWAP. Needs $11 million tendered to close. Executives pocketed $100k bonuses each for the $36m SC property sale.
8-K
Q4 results, debt cut, power secured
Greenidge reported preliminary Q4 2025 revenue of $11.5 million and full-year revenue of $58.8 million, with net income swinging to $4.2-$5.2 million versus prior losses. Debt slashed to $39.0 million from $68.5 million; secured 100MW power for AI/HPC datacenters. NYSDEC deal clears path to Title V permit renewal. Debt restructuring drives balance sheet strength.
8-K
Facility resumes post-fire
Greenidge's Dresden Facility resumed normal operations on December 9, 2025, just two weeks after a November 23 switchgear failure and fire triggered shutdown. No damage hit Bitcoin miners; only limited switchgear harm occurred thanks to swift response. Back ahead of schedule. Power flows to the grid again.
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