secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034163
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge July bitcoin production 58 BTC; hash rate climbs to 2.37 EH/s after May/June dips
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- April: ~120 BTC (44 self-mined, 76 hosting) at 2.80 EH/s; May: ~57 BTC (15 self, 42 hosting) at 2.34 EH/s.
- June: ~40 BTC (14 self, 26 hosting) at 1.61 EH/s due to planned power plant outage in Dresden, NY.
- July: ~58 BTC (19 self, 39 hosting) at 2.37 EH/s; 2,400 miners redeployed to Mississippi site.
- Hash rate fell in May from removing miners from hosting facilities; redeployment to more profitable sites underway.
- Expects further hash rate increase in August from deploying first shipment of S21 Pro miners and hydro improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024034163/0001628280-24-034163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024034163/gree-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034163

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