---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-029387"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:40:32.136984+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greenidge sells SC mining site to NYDIG, eliminates $22M debt; Q2 rev $14.7M, net loss $9.8M

## Summary
- Entered term sheet to sell South Carolina mining facility (44 MW) to NYDIG for $4.9M cash plus up to $2.6M in bonus payments; eliminates $21.8M secured debt.
- Completed 26 MW expansion of SC facility to 44 MW; will host additional NYDIG miners until sale closing.
- Q2 2023 total revenue $14.7M; GAAP net loss from continuing operations $9.8M; adjusted EBITDA loss $2.4M.
- Self-mined 143 bitcoins; active mining capacity 4.1 EH/s from 38,700 miners as of June 30, 2023.
- Cash balance of $15.4M as of June 30, 2023.

## SEC filing metadata
- accession: 0001628280-23-029387
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828023029387/0001628280-23-029387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828023029387/gree-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-029387
- JSON: https://secwatch.observer/filing/0001628280-23-029387.json
- Plain text: https://secwatch.observer/filing/0001628280-23-029387.txt

## Key facts
- Earnings Releases
  Greenidge Generation Holdings Inc. reported the quarter ended June 30, 2023 results: revenue $14.7 million, net income $9.8 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $14.7 million
  - Net income: $9.8 million
  - Result: reported results
  source text: immediately, for Greenidge to host additional NYDIG miners with the additional 26 MW of capacity until closing of sale. Second Quarter 2023 Highlights • Total revenue was $14.7 million • Cryptocurrency datacenter hosting revenue was $9.7 million, and Cryptocurrency datacenter self-mining revenue was $4.0 million • GAAP net loss from continuing operations was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000162828023029387/0001628280-23-029387-index.htm

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