earnings
confidence high
sentiment positive
materiality 0.65
Greenidge Generation Q1 2026: Power revenue doubles to $18.7M, advances AI/HPC datacenter plans
Greenidge Generation Holdings Inc.
2026-Q1 EPS reported
-$0.29
revenue$20,834,000
- Power and capacity revenue $18.7M, more than double Q1 2025; total revenue $20.8M, up $1.6M YoY.
- Net loss improved to $4.6M from $5.6M; adj. EBITDA loss $1.0M vs. $2.9M YoY.
- Received proposed NYSEG interconnection agreement for 60MW at Dresden to advance AI/HPC datacenter.
- Submitted 250MW load study request at Mississippi site; 40MW energization expected Q1 2027.
- Ended Q1 with $7.1M cash, $6.7M in Bitcoin, $38.9M senior debt; sold non-core asset for $1.08M.
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