secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001628280-25-026023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge Q1 revenue $19.2M, net loss $5.6M; reduces debt 16.6%, adds Mississippi site
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- Q1 total revenue $19.2M; net loss $5.6M; adjusted EBITDA $1.0M; produced 112 BTC.
- Reduced debt to $60.2M via private exchanges (16.6% reduction from $72.2M).
- Appointed Kenneth Fearn and Christopher Krug as independent directors.
- Entered agreement to purchase 37-acre Mississippi site with 40MW low-cost power by July 2026.
- Ended Q1 with $4.9M cash, $8.4M Bitcoin; active mining capacity 119MW, targeting 161.5MW.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025026023/0001628280-25-026023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025026023/gree-20250515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-026023

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