secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001628280-24-049859
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge sells 152-acre SC property for $12.1M cash plus 8% profit stake in data center
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- Purchase price: $12.1M cash and an 8% profit participation interest in a planned data center.
- Property bought in 2021 for $15M; prior partial sale of 23 acres and 44MW facility to NYDIG for ~$28M in 2023.
- Expected closing in Q1 2025; buyer has 45-day due diligence period and $250,000 deposit.
- Site has 60 MW power secured; Greenidge will support development and may partner on future sites.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024049859/0001628280-24-049859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024049859/gree-20241127.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049859

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