secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001628280-25-054304
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge sells 152-acre SC site and 60 MW power rights for up to $36M
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- Cash consideration of $18.0M at closing, plus up to $18.0M in success payments tied to additional energization before Dec 31, 2030.
- Non-refundable deposit of $1.5M placed in escrow; closing expected Dec 11, 2025 or shortly after utility documentation delivery.
- Purchaser is affiliate of Lightstone Parent LLC; assignment of 60 MW electrical service expected available Sept 2026.
- Purchase price may increase up to $1.5M for pre-closing substation work approved by Purchaser.
- Lightstone Parent LLC provided irrevocable guarantee for success payments; transaction is subject to customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025054304/0001628280-25-054304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025054304/gree-20251126.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-054304

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