secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001628280-24-019590
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024019590/0001628280-24-019590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024019590/gree-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019590

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