Greenidge reports Q4 2023 net income $1.4-2.4M, first profitable quarter in two years

Greenidge Generation Holdings Inc.

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

Net income from continuing ops $1.4-2.4M; EPS $0.18-0.32 on 7.6M shares.
Adjusted EBITDA $1.6-2.6M; total revenue $19.7M (self-mining $7.3M, hosting $10.7M, power $1.7M).
Debt reduced by $85.3M in 2023 (>54% of total); ended Q4 with $13.6M cash and $68.7M debt.
Produced 710 bitcoin in Q4 (506 colocation, 203 self-mining) at avg BTC price ~$36,277.
Datacenter capacity 3.1 EH/s (29,700 miners) as of Dec 31, 2023.

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 fourth quarter of 2023 results: revenue $19.7 million, net income $1.4 million to $2.4 million, EPS $0.18 to $0.32.

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

Exact text from the filing

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

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Source: SEC EDGAR

accession 0001628280-24-003528

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