secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001628280-24-015558
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/0001628280-24-015558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024015558/gree-20240410.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-015558

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