secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001628280-25-056519
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025056519/0001628280-25-056519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025056519/gree-20251211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-056519

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