secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001193125-22-259741
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000119312522259741/0001193125-22-259741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000119312522259741/d407925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-259741

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer