earnings
confidence high
sentiment positive
materiality 0.70
Greenidge posts Q2 rev $12.9M, debt cut 38%; appoints new director Charles Zeynel
Greenidge Generation Holdings Inc.
2025-Q2 EPS reported
-$0.66
revenue$32,103,000
- Q2 2025: revenue $12.9M, net loss $4.1M, positive adjusted EBITDA of $0.4M.
- Reduced senior unsecured debt to $44.6M (38% reduction from $72.2M) via tender/exchange.
- Bitcoin mining revenue $4.2M, hosting $6.0M, power $2.6M; produced 110 BTC in Q2.
- Appointed Charles M. Zeynel as independent director; expertise in sustainable materials & M&A.
- Purchased 37-acre MS site for 44MW power by July 2026; SC sale closing on/before Aug 25.
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