Greenidge reports preliminary Q4 net income $1.4M-$2.4M, first profitable quarter in two years

Greenidge Generation Holdings Inc.

2023-FY EPS reported -$4.43 revenue$70,388,000

Revenue ~$19.7M; net income $1.4M-$2.4M; EPS $0.18-$0.32.
Adjusted EBITDA $1.6M-$2.6M; produced 710 bitcoin in Q4 2023.
Debt reduced by $85.3M in 2023; ended Q4 with $68.7M debt and $13.6M cash.
Self-mining revenue $7.3M, hosting $10.7M, power/capacity $1.7M in Q4.
First profitable quarter in two years; full results due March 27, 2024.

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 0.95

Greenidge Generation Holdings Inc. reported fourth quarter of 2023 results: revenue approximately $19.7 million, net income approximately $1.4 million to $2.4 million, EPS $0.18 to $0.32.

Period: fourth quarter of 2023
Revenue: approximately $19.7 million
Net income: approximately $1.4 million to $2.4 million
EPS: $0.18 to $0.32
Result: preliminary results

Exact text from the filing

Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced favorable preliminary financial and operating results for the fourth quarter of 2023. Preliminary Fourth Quarter 2023 Financial Results 1 : • Revenue of approximately $19.7 million; • Net income from continuing operations of approximately $1.4 million to $2.4 million; • Adjusted EBITDA of approximately $1.6 to approximately $2.6 million; • Earnings per share of $0.18 to $0.32 2 ;

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Source: SEC EDGAR

accession 0001628280-24-003445

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