Greenidge Q2 revenue $13.1M, net loss $5.5M; adds 100 MW power capacity

Greenidge Generation Holdings Inc.

2024-Q2 EPS reported -$0.98 vs consensus -$0.38 ▼ miss (-159.7%)

Q2 net loss from continuing ops $5.5M; adjusted EBITDA loss $0.1M; revenue $13.1M.
SG&A cut $6.4M in H1 2024 vs 2023; company expects earnings boost from ongoing savings.
Added 100 MW low-cost power: 60 MW in SC, plus mining sites in MS and ND.
Launched Greenidge Pod X, GPU datacenter pilot, EPCM/O&M; retained 41 Bitcoin.
Cash $10.3M, debt $69.2M; temporary miner relocation and plant outage impacted Q2.

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