secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046226
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024046226/0001628280-24-046226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024046226/gree-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046226

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