Greenidge Q1 revenue $15.2M, GAAP net loss $8.8M, adjusted EBITDA loss $1.1M

Greenidge Generation Holdings Inc.

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

Total revenue $15.2M: hosting $6.9M, self-mining $6.5M.
GAAP net loss from continuing ops $8.8M; adjusted EBITDA loss $1.1M.
Produced 698 bitcoins (393 colocation, 305 self-mining).
Active mining capacity 2.5 EH/s from 24,700 miners as of March 31.
Cash $17.0M at quarter end; results in line with April 21 guidance.

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 the quarter ended March 31, 2023 results: revenue $15.2 million, net income $8.8 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $15.2 million
Net income: $8.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Total revenue was $15.2 million • Cryptocurrency datacenter hosting revenue was $6.9 million, and Cryptocurrency datacenter self-mining revenue was $6.5 million • GAAP net loss from continuing operations was $8.8 million

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Source: SEC EDGAR

accession 0001628280-23-018199

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