---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-041278"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:21:38.403833+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenidge partners with Infinite Reality, launches GreenidgeAI; equity swap ~$1.5M each

## Summary
- 4-year MSA with Infinite Reality; Greenidge exclusive GPU/datacenter provider in US/Canada.
- Equity exchange: 180,000 GREE shares at $8.33/share for 280,374 iR shares at $2.5B valuation.
- GREE issues 1-yr warrant for 180k shares at $7.00; iR issues 1-yr warrant for 235,754 shares at $5.35.
- Greenidge launches GreenidgeAI; plans to take external customer orders in 2024, targeting NVIDIA H100/L40 GPUs.
- Company reduced over $85M secured debt, improving capital structure ahead of new venture.

## SEC filing metadata
- accession: 0001628280-23-041278
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828023041278/0001628280-23-041278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828023041278/gree-20231211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-041278
- JSON: https://secwatch.observer/filing/0001628280-23-041278.json
- Plain text: https://secwatch.observer/filing/0001628280-23-041278.txt

## Key facts
- Material Agreements
  Greenidge Generation Holdings Inc. entered into Master Services Agreement with Infinite Reality, Inc. with Infinite Reality, Inc. valued at Pursuant to the MSA, Greenidge will deliver access to GPUs and other data center services for a term (effective 2023-12-11).
  - Action: entry
  - Counterparty: Infinite Reality, Inc.
  - Value: Pursuant to the MSA, Greenidge will deliver access to GPUs and other data center services for a term
  - Effective: 2023-12-11
  source text: On December 11, 2023, Greenidge Generation Holdings Inc. (" Greenidge " or the " Company ") entered into a master services agreement (the " MSA ") with Infinite Reality, Inc. (" Infinite Reality "), a private company engaged in the business of developing immersive experiences for clients in digital content creation, distribution and commercialization, and audience and community engagement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000162828023041278/0001628280-23-041278-index.htm

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