Greenidge reports Q4 2024 revenue $14.8M, net loss $3.3-4.3M; seeks 200MW acquisition

Greenidge Generation Holdings Inc.

Q4 2024 total revenue $14.8M, up $2.4M from Q3; net loss from continuing ops $3.3-4.3M, improved from Q3.
Full year 2024 revenue $59.5M; net loss $19.2-20.2M, improved $8.8-9.8M YoY; adjusted EBITDA $5-6M.
SG&A expenses cut $8.9M to $17.2M in FY2024; ended Q4 with $8.6M cash, $68.5M debt.
Seeking to acquire over 200MW of low-cost power assets and convert substantial debt to equity in 2025.
Reduced debt by $5.2M via exchanges; fleet efficiency improved to 23.8 J/TH; holds 85+ Bitcoin.

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