earnings
confidence high
sentiment negative
materiality 0.75
Greenidge Q3 revenue $29.4M, GAAP net loss $(23.1)M, adjusted EBITDA loss $(2.3)M
Greenidge Generation Holdings Inc.
2022-Q3 EPS reported
-$3.16
revenue$98,353,000
- Produced 866 bitcoin in Q3 2022; 269 bitcoin in October 2022.
- Mining capacity of ~2.4 EH/s at Sept 30 (24,500 miners); 2.5 EH/s at Oct 31.
- Cash and crypto holdings of $39M at Sept 30, 2022.
- Power plant uptime 100% in Q3, 99.9% YTD; LTM Adj. EBITDA $28.4M.
- GAAP net loss $(23.1)M; Adjusted EBITDA loss $(2.3)M for the quarter.