other_material
confidence high
sentiment negative
materiality 0.70
Greenidge Generation announces termination of $12.1M South Carolina property sale with Data Journey
Greenidge Generation Holdings Inc.
- Data Journey LLC terminated the Purchase and Sale Agreement for 152 acres in Spartanburg, SC.
- The deal valued at $12.1M cash plus 8% profit interest; Greenidge retains $400K non-refundable deposits.
- Company will continue marketing the property and seek to maximize value for shareholders.
- CEO Jordan Kovler stated focus remains on securing long-term power rights for the Property.
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