Greenidge Q3 revenue $12.4M, net loss $6.3M; SG&A reduced 41% YTD

Greenidge Generation Holdings Inc.

2024-Q3 EPS reported -$1.58 vs consensus -$0.54 ▼ miss (-192.3%)

Total revenue $12.4M; net loss from continuing ops $6.3M; EBITDA loss $1.2M; all at/above preliminary highs.
Mining revenue $3.3M, hosting $6.5M, power/capacity $2.6M; produced 166 BTC in Q3.
SG&A YTD $13.4M vs $22.7M prior year, beating $7M reduction target by 33%.
Received 1,000 upgraded miners; fleet efficiency expected to improve from 27.1 J/TH in Q3.
Ended Q3 with $11.4M cash/digital assets and $69.5M debt net of deferred costs.

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