secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K/A
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001628280-24-003528
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024003528/0001628280-24-003528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024003528/gree-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003528

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer