secwatch.observer — SEC 8-K summary
======================================

Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001628280-24-042766
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge Q3 prelim revenue $12.4M, net loss $6.6M; Nasdaq warns on MVPHS non-compliance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024042766/0001628280-24-042766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024042766/gree-20241014.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-042766

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