---
schema_version: "secwatch.filing_event.v1"
accession: "0001844971-24-000010"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:02:23.961824+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenidge expands power capacity by 40 MW with Mississippi land purchase and North Dakota lease

## Summary
- Acquired 12-acre Mississippi property for $1.45M, adding 32.5 MW mining capacity; 7 MW deployment in Q2 2024.
- Secured 7.5 MW mining lease in North Dakota; miners deploying by April 1, 2024.
- Signed EPC contracts in North Dakota and Texas to grow engineering revenue line.
- Jan 2024 production: ~150 bitcoin (50 self-mined, 100 hosted); Feb 2024: ~128 bitcoin (41 self-mined, 87 hosted).
- Hashrate expected to increase to 2.8 EH/s by April 1, up from 2.6 EH/s in Feb 2024.

## SEC filing metadata
- accession: 0001844971-24-000010
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000184497124000010/0001844971-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000184497124000010/gree-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001844971-24-000010
- JSON: https://secwatch.observer/filing/0001844971-24-000010.json
- Plain text: https://secwatch.observer/filing/0001844971-24-000010.txt

## Key facts
- Material Agreements
  Greenidge Generation Holdings Inc. entered into Motus Agreement with a subsidiary of Motus Pivot Inc. valued at $1.45 million (effective 2024-03-06).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: a subsidiary of Motus Pivot Inc.
  - Value: $1.45 million
  - Effective: 2024-03-06
  source text: On March 6, 2024, a subsidiary of Greenidge Generation Holdings Inc. (“ Greenidge ” or the " Company ") entered into a Commercial Purchase and Sale Agreement (the “ Motus Agreement ”) with a subsidiary of Motus Pivot Inc., a Delaware corporation (" Motus "), pursuant to which Greenidge has agreed to purchase from Motus a parcel of land containing approximately 12 acres located in Columbus, Mississippi, including over 73,000 square feet of industrial warehouse space (the “ Property ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844971/000184497124000010/0001844971-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.