---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-001779"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:40:53.611971+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greenidge reduces NYDIG debt by ~$59M to ~$17M; enters hosting agreements and amends B. Riley note

## Summary
- Debt settlement cuts ~$76M NYDIG obligation to ~$17M; potential further $10M reduction via site transfer.
- B. Riley note amended: ~$11M reduced to ~$9M; no principal/interest until June 2023; $1M fee paid in stock at $0.75/share.
- B. Riley and Atlas each purchase $1M of GREE common stock; $1.9M proceeds used to pay down promissory note.
- Preliminary Q4 2022 revenue ~$15M, net loss ~$120-130M (incl. $93-100M impairment), 683 bitcoin produced.
- Hosting agreements with NYDIG cover all current mining capacity with profit-sharing; Greenidge retains ~10,000 miners (~1.1 EH/s).

## SEC filing metadata
- accession: 0001628280-23-001779
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828023001779/0001628280-23-001779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828023001779/gree-20230130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-001779
- JSON: https://secwatch.observer/filing/0001628280-23-001779.json
- Plain text: https://secwatch.observer/filing/0001628280-23-001779.txt

## Key facts
- Earnings Releases
  Greenidge Generation Holdings Inc. reported preliminary financial results for the fourth quarter of 2022.
  - Period: the fourth quarter of 2022
  - Result: preliminary results
  source text: On January 30, 2023, Greenidge issued a press release announcing selected preliminary financial results for the fourth quarter ended December 31, 2012.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000162828023001779/0001628280-23-001779-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.