Greenidge closes sale of SC property for $18M cash plus up to $18M earnout

Greenidge Generation Holdings Inc.

Closed sale of 152-acre Spartanburg, SC property to Lightstone Group affiliate for $18M cash (subject to adjustment) and up to $18M earnout based on additional power capacity.
Net proceeds from sale ~$17.9M; total cash raised from non-core asset divestitures in past year ~$22.1M.
Pro forma Net Debt improved to ~$12.4M from $52.9M at start of 2025, with cash and BTC ~$9.8M as of Nov 30, 2025.
CEO indicates potential to exchange remaining $37.8M of 2026 notes for higher-yielding 2030 notes in tax-free recapitalization.
Mississippi expansion site: 40 MW expected available by March 2027.

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