---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-015558"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:32:33.629885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greenidge Q4 2023 EPS $0.36 beats guidance; debt cut 54% to $72M

## Summary
- Q4 revenue $19.6M, net income $2.7M, adjusted EBITDA $3.6M, all above guidance ranges.
- Full year 2023 revenue $70.4M, GAAP net loss $29.0M (incl. $4.0M impairment, $2.4M environmental remeasurement).
- Debt reduced 54% from $157.3M to $72M; year-end cash $13.3M.
- Recent Q1 2024: added ~100 MW low-cost power (60 MW SC, 32.5 MW MS, 7.5 MW ND); $6M Armistice Capital investment.
- Bitcoin production 2023: 2,938 BTC total (891 self-mined, 2,047 hosting); deploying 2,700 idle miners in Q1 2024.

## SEC filing metadata
- accession: 0001628280-24-015558
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/0001628280-24-015558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/gree-20240410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-015558
- JSON: https://secwatch.observer/filing/0001628280-24-015558.json
- Plain text: https://secwatch.observer/filing/0001628280-24-015558.txt

## Key facts
- Earnings Releases
  Greenidge Generation Holdings Inc. reported fiscal year ended December 31, 2023 results: revenue $70.4 million, net income $29.0 million.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $70.4 million
  - Net income: $29.0 million
  - Result: reported results
  source text: Full Year 2023 Financial Results & Highlights: • Total revenue of $70.4 million; • Debt reduced by 54% to $72 million from $157.3 million; • Diversified revenue stream through hosting arrangements; • Partnership announced with Infinite Reality, Inc. to enter AI and HPC datacenter space; • GAAP net loss from continuing operations of $29.0 million, including $4.0 million of noncash impairment charges and $2.4 million from remeasurement of environmental liabilities; • Adjusted EBITDA of $153,000;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/0001628280-24-015558-index.htm
- Earnings Releases
  Greenidge Generation Holdings Inc. reported fourth quarter ended December 31, 2023 results: revenue $19.6 million, net income $2.7 million, EPS $0.36.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $19.6 million
  - Net income: $2.7 million
  - EPS: $0.36
  - Result: reported results
  source text: Fourth Quarter 2023 Financial Results: • Total revenue of $19.6 million; • Net income from continuing operations of $2.7 million, above guidance of $1.4 million to $2.4 million; • Adjusted EBITDA of $3.6 million, above guidance of $1.6 million to $2.6 million; • Earnings per share of $0.36, above guidance of $0.18 to $0.32;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/0001628280-24-015558-index.htm

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