secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001628280-23-010024
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828023010024/0001628280-23-010024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828023010024/gree-20230331.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-010024

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