secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001628280-24-037287
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024037287/0001628280-24-037287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024037287/gree-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037287

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