other material
confidence high
sentiment negative
materiality 0.75
Greenidge Q3 prelim revenue $12.4M, net loss $6.6M; Nasdaq warns on MVPHS non-compliance
Greenidge Generation Holdings Inc.
- Q3 revenue $12.4M; net loss from continuing ops $6.6M; adjusted EBITDA loss $0.4M.
- Produced 167 BTC in Q3; hash rate ~2.5 EH/s; cash+digital assets $11.3M, debt $69.5M.
- SG&A YTD $13.6M vs $22.7M in prior year, saving $9.1M, exceeding $7M goal.
- Received Nasdaq notice for MVPHS below $15M; 180-day compliance period until April 14, 2025.
- Litigation: hearing late October on TRO for Dresden NY facility permit denial.