secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001628280-25-010784
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025010784/0001628280-25-010784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025010784/gree-20250306.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-010784

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