secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001844971-24-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000184497124000010/0001844971-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000184497124000010/gree-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001844971-24-000010

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