Greenidge appoints David Anderson as CEO; preliminary Q3 revenue ~$29M, net loss $(20-22)M

Greenidge Generation Holdings Inc.

Jeffrey Kirt resigns as CEO and director; David Anderson appointed CEO and director, Scott MacKenzie named Chief Strategy Officer, effective Oct 8, 2022.
Preliminary Q3 2022: revenue ~$29M, GAAP net loss $(20-22)M, Adjusted EBITDA $(1-3)M.
Produced ~866 bitcoin in Q3 (278 in Sept); mining capacity 2.4 EH/s from ~24,500 miners as of Sep 30.
Cash and cryptocurrency holdings ~$39M at Sep 30; power plant uptime 100% in Q3.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Scott MacKenzie

Chief Strategy Officer

GREE · Greenidge Generation Holdings Inc.

Effective: 2022-10-08
Filed: October 11, 2022, 7:59 PM ET

and Scott MacKenzie as the Company’s Chief Strategy Officer, each effective as of the start of October 8, 2022.

Appointed

David Anderson

Chief Executive Officer

GREE · Greenidge Generation Holdings Inc.

Effective: 2022-10-08
Filed: October 11, 2022, 7:59 PM ET

On October 4, 2022, the board of directors (the “Board”) of the Company approved the appointment of David Anderson as the Company’s new Chief Executive Officer (“CEO”) and member of the Board

Departed

Jeffrey Kirt

Chief Executive Officer

GREE · Greenidge Generation Holdings Inc.

Effective: 2022-10-07
Successor: David Anderson
Filed: October 11, 2022, 7:59 PM ET

The Board also approved the mutual agreement between the Company and Jeffrey Kirt, the Company’s current CEO, that Mr. Kirt would resign from his roles as CEO and member of the Board, effective as of the end of October 7, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott MacKenzie was appointed as Chief Strategy Officer at Greenidge Generation Holdings Inc..

Action: appointed
Role: Chief Strategy Officer

Exact text from the filing

and Scott MacKenzie as the Company’s Chief Strategy Officer, each effective as of the start of October 8, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Anderson was appointed as Chief Executive Officer at Greenidge Generation Holdings Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 4, 2022, the board of directors (the “Board”) of the Company approved the appointment of David Anderson as the Company’s new Chief Executive Officer (“CEO”) and member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Kirt resigned as Chief Executive Officer at Greenidge Generation Holdings Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

The Board also approved the mutual agreement between the Company and Jeffrey Kirt, the Company’s current CEO, that Mr. Kirt would resign from his roles as CEO and member of the Board, effective as of the end of October 7, 2022.

View on SEC.gov

Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-259741

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