Greenidge Q4 revenue $16M, net loss $135M; restructures debt with NYDIG and B. Riley

Greenidge Generation Holdings Inc.

2023-Q1 EPS reported -$0.15 revenue$15,157,000

Q4 2022 total revenue $16.0M; GAAP net loss from continuing ops $135.0M including $104.8M noncash impairment.
Full year 2022 revenue $90.0M; GAAP net loss $269.7M; produced 2,731 bitcoins.
Restructured NYDIG secured debt from $75.8M to $17.3M; B. Riley note from $10.6M to $8.7M.
Entered hosting arrangement with NYDIG affiliates with profit-sharing; raised $6.3M via ATM sales.
Expects Q1 2023 cash ~$17M; sold Support.com business for $2.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Greenidge Generation Holdings Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 31, 2023, Greenidge Generation Holdings Inc. issued a press release setting forth Greenidge Generation Holdings Inc.'s financial results for the quarter and year ended December 31, 2022.

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Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-010024

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