Greenidge Generation HoldingsGREE
GREE
About: Greenidge Generation Holdings Inc owns and operates a vertically integrated cryptocurrency data center and power generation company. The company owns and operates facilities at two locations: the Town of Torrey, New York, and Spartanburg, South Carolina. The cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the company.
Employees: 40
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
86% more capital invested
Capital invested by funds: $687K [Q3] → $1.28M (+$588K) [Q4]
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
15% more funds holding
Funds holding: 20 [Q3] → 23 (+3) [Q4]
4.67% more ownership
Funds ownership: 4.79% [Q3] → 9.46% (+4.67%) [Q4]
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
Research analyst outlook
We haven’t received any recent analyst ratings for GREE.
Financial journalist opinion
Neutral
TheNewswire
1 day ago
Water Tower Research Publishes Initiation of Coverage Report on Greenidge Generation Holdings, Inc., “Future of Integrated Crypto Data Centers and Power Generation Looks Bright”
February 20, 2025, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Greenidge Generation Holdings, Inc. (NASDAQ: GREE) titled, “Future of Integrated Crypto Data Centers and Power Generation Looks Bright”. The report can be accessed here. Greenidge builds, maintains, and operates data centers focused on Bitcoin mining and Artificial Intelligence and High-Performance Computing) (AI/HPC), along with related power and electric infrastructure. The company's knowledge of electricity markets and power plants makes it a market leader in the construction and operation of data centers.
Neutral
GlobeNewsWire
2 months ago
Data Journey on Aggressive Growth Track: Announces Purchase of Spartanburg Property from Greenidge Generation for $12.1 Million
The purchase is a significant milestone for Data Journey as it marks their entry into the S. Carolina market and supports the company's aggressive growth.
Neutral
Business Wire
2 months ago
Greenidge Generation Announces Sale of South Carolina Property to Data Journey for $12.1 Million and 8% Stake in Planned Data Center's Profits
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency data center and power generation company, today announced that it has entered into a definitive agreement to sell its 152-acre Spartanburg, South Carolina property (the “Spartanburg property”) to Data Journey LLC (“Data Journey”) for $12.1 million in cash and an 8% profit participation interest in the property's planned data center. Greenidge p.
Neutral
Business Wire
3 months ago
New York Supreme Court Rules for Greenidge Generation
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, issued the following information and statement regarding the ruling today from New York Supreme Court Judge Vincent Dinolfo rejecting the New York State Department of Environmental Conservation's (“DEC”) action to deny Greenidge's application for renewal of a Title V Air Permit. Greenidge's operations at.
Neutral
Business Wire
3 months ago
Greenidge Generation Reports Financial and Operating Results for the Third Quarter 2024
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the third quarter of 2024. Third Quarter 2024 Financial Results: Total revenue of $12.4 million; Net loss from continuing operations of $6.3 million; EBITDA loss of $1.2 million; Adjusted EBITDA loss of $0.1 million; Cryptocurrency mining revenue of $3.
Neutral
Business Wire
4 months ago
Greenidge Announces Preliminary Financial and Operating Results for the Third Quarter 2024
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the third quarter of 2024, including notable updates on the Company's ongoing SG&A expense reduction efforts as well as its continued upgrades to its fleet of bitcoin miners. Preliminary Third Quarter 2024 Financial Results1: Revenue of.
Neutral
Business Wire
5 months ago
Greenidge Provides Bitcoin Production Update and Release of Investor Presentation
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided a bitcoin production update for August of 2024. The Company also highlighted CEO Jordan Kovler's presentation at the H.C. Wainwright Annual Global Investment Conference, taking place today, September 9, 2024, at 10:30AM ET. Greenidge will be filing an updated investor presentation in conju.
Neutral
Business Wire
6 months ago
Greenidge Generation Reports Financial and Operating Results for the Second Quarter 2024
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”) or (the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the second quarter 2024 and provided an update on the actions the Company has taken to continue the transformation of the business. Second Quarter 2024 Financial Results: Total revenue of $13.1 million; Net loss from continuing operations of $5.5 million; E.
Neutral
Business Wire
6 months ago
Greenidge Provides Bitcoin Production Update
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided a bitcoin production update for the second quarter and July of 2024. April 2024: Greenidge produced approximately 120 bitcoin in April, of which 44 bitcoin were produced by Greenidge-owned miners and 76 were produced through our datacenter hosting. Greenidge's hash rate in April was approx.
Neutral
Business Wire
6 months ago
Greenidge Announces Launch of New Self-Mined Bitcoin Retention Strategy to Drive Growth
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge” or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today announced that it recently implemented a new self-mined bitcoin retention strategy that enables it to accumulate bitcoin from its owned miners in order to increase its bitcoin holdings and further drive the Company's growth. The new strategy follows recent progress Greenidge has made reducing its c.
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