---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-033929"
form_type: "8-K/A"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:00:34.709150+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-033929
- form_type: 8-K/A
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01, 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828024033929/0001628280-24-033929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828024033929/gree-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-033929
- JSON: https://secwatch.observer/filing/0001628280-24-033929.json
- Plain text: https://secwatch.observer/filing/0001628280-24-033929.txt

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