Greenidge reports preliminary Q1 net loss $3.1-4.1M, adj. EBITDA $2.1-3.1M, produces 409 BTC

Greenidge Generation Holdings Inc.

2024-Q1 EPS reported -$0.42 revenue$19,333,000

Revenue ~$19.2M; net loss $3.1-4.1M; adjusted EBITDA $2.1-3.1M; loss per share $0.33-0.43.
Self-mining rev. $7.1M, hosting rev. $9.1M, power/capacity rev. $3.0M.
Produced 409 bitcoin (275 colocation, 134 self-mining); avg. BTC price $53,260.
Ended Q1 with $14.3M cash, $69.0M debt; 29,400 miners / 3.0 EH/s capacity.
Second consecutive quarter of positive cash flow; CEO cites real estate portfolio and SG&A reduction.

item 2.02 item 7.01 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 first quarter of 2024 results: revenue approximately $19.2 million, net income approximately $3.1 million to $4.1 million, EPS $0.33 to $0.43.

Period: the first quarter of 2024
Revenue: approximately $19.2 million
Net income: approximately $3.1 million to $4.1 million
EPS: $0.33 to $0.43
Result: preliminary results

Exact text from the filing

Greenidge will be filing an updated investor presentation in conjunction with the event. Preliminary First Quarter 2024 Financial Results 1 : • Revenue of approximately $19.2 million; • Net loss from continuing operations of approximately $3.1 million to $4.1 million; • Adjusted EBITDA of approximately $2.1 to approximately $3.1 million; • Loss per share of

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Source: SEC EDGAR

accession 0001628280-24-019590

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