Greenidge launches bitcoin retention strategy, secures $20M equity facility from B. Riley

Greenidge Generation Holdings Inc.

New self-mined bitcoin retention strategy to accumulate bitcoin from ~8,000 owned miners; costs reduced on 122 MW power capacity.
Entered $20M common stock purchase agreement with B. Riley; Greenidge controls timing and amount of sales at its discretion.
Shares sold at 3% discount to VWAP; $200K commitment fee (1% of facility); exchange cap 2,124,429 shares.
Net proceeds for working capital, capex, acquisitions, and bitcoin from self-mining; agreement term up to 36 months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.