Greenidge Generation Holdings (GREE) Company Report

Greenidge Generation Holdings Inc. (GREE) completed the sale of its 152-acre property in Spartanburg, South Carolina, on December 11, 2025.
The transaction included an immediate cash payment of $18.0 million.
The company is also entitled to receive up to an additional $18.0 million in earnout payments, contingent on the availability of additional electrical capacity exceeding 60 MW at the property before December 31, 2030, at a rate of $180,000 per MW.
The net proceeds from this sale, approximately $17.9 million, contributed to improving Greenidge's pro forma Net Debt to approximately $12.4 million as of November 30, 2025, down from $52.9 million at the beginning of the year.

Dec 11, 2025, 9:02 PM

8-K

Greenidge Generation Holdings Inc. Reports Strong Q3 2025 Results and Historic Air Permit Agreement

GREE

Earnings

Legal Proceedings

Debt Issuance

Greenidge Generation Holdings Inc. announced a historic agreement with the New York State Department of Environmental Conservation (NYSDEC), providing a pathway for the issuance of a new five-year Title V Air Permit for its Dresden Power Plant, which is expected to resolve ongoing administrative and legal proceedings.
For the third quarter ended September 30, 2025, the company reported total revenue of $15.2 million, net income of $12.0 million, and Adjusted EBITDA of $1.7 million.
The company significantly reduced its senior unsecured debt due October 2026 by 47.2% to $38.0 million through privately negotiated exchanges and public tender/exchange offers.
Operational highlights for Q3 2025 include an 83% quarterly increase in Power and Capacity Revenue to $4.7 million and an improvement in the efficiency of its active miner fleet by 10% to 21.3 J/TH.

Nov 13, 2025, 1:31 PM

8-K

Greenidge Generation Reports Strong Q3 2025 Results and Historic Air Permit Agreement

GREE

Earnings

Legal Proceedings

Debt Issuance

Greenidge Generation Holdings reported total revenue of $15.2 million, net income of $12.0 million, and Adjusted Free Cash Flow of $4.3 million for the third quarter ended September 30, 2025.
The company reached a historic agreement with the New York State Department of Environmental Conservation (NYSDEC) for a new five-year Title V Air Permit, expected to resolve ongoing legal proceedings and ensure continued operation of its Dresden facility.
Greenidge reduced its senior unsecured debt due October 2026 by 47.2% to $38.0 million through privately negotiated exchanges and tender/exchange offers.
Power and capacity revenue increased by 83% quarterly to $4.7 million in Q3 2025.

Nov 13, 2025, 1:30 PM

Press Release

Greenidge Agrees to New Five-Year Air Permit with New York State

GREE

Legal Proceedings

New Projects/Investments

Greenidge Generation Holdings Inc. (GREE) and the State of New York reached an agreement on November 7, 2025, for a historic new five-year renewal of the company's Title V Air Permit for its Dresden, NY facility.
This agreement mandates emissions reductions that exceed New York's Climate Act goals, including a 44% reduction in permitted emissions by 2030 and a 25% reduction off actual emissions by 2030.
The settlement ends all litigation and administrative appeals concerning the permit renewal, ensuring Greenidge's continued operation in New York, supplying power to the local grid and its cryptocurrency datacenter.
The agreement establishes specific greenhouse gas (GHG) emissions limits over the five permit years :

Metric	Permit Year 1	Permit Year 2	Permit Year 3	Permit Year 4	Permit Year 5
GHG Emissions (tons of CO2e per year)	475,683.48	475,683.48	428,115.13	380,426.78	358,071.27

Nov 10, 2025, 12:00 PM

8-K

Greenidge secures new air permit with New York State, ending litigation

GREE

Legal Proceedings

New Projects/Investments

Greenidge Generation Holdings has reached an agreement with New York State for a new five-year renewal of its Title V Air Permit for the Dresden, NY facility, ensuring its continued operation.
The agreement includes a mandated 44% reduction in permitted emissions by 2030, exceeding the state's Climate Act goals, and a 25% reduction in actual emissions by 2030.
This settlement ends all litigation and administrative appeals between Greenidge and the State, affirming the company's ability to continue supplying electricity to the local grid and operating its cryptocurrency datacenter.

Nov 7, 2025, 9:48 PM

Press Release

Greenidge Generation Announces Final Results of Senior Notes Tender/Exchange Offer

GREE

Debt Issuance

Delisting/Listing Issues

Greenidge Generation's Tender/Exchange Offer for its 8.50% Senior Notes due 2026 expired on November 5, 2025.
The offer resulted in $276,225 principal amount of Old Notes being tendered for cash and $58,300 principal amount exchanged for new notes.
Following settlement, the principal amount outstanding of the Old Notes will be $38,075,300.
Greenidge expects to issue approximately $34,606 in aggregate principal amount of 10.00% Senior Notes due 2030.
The new notes will be sought for listing on the OTC Market's platform under the ticker "GREEN" as the aggregate principal amount is below Nasdaq's minimum offering requirement.

Nov 6, 2025, 2:00 PM

Press Release

Greenidge Generation Commences Tender and Exchange Offer for Senior Notes

GREE

Debt Issuance

Takeover Bid

Greenidge Generation Holdings Inc. has announced the commencement of a Tender/Exchange Offer for its outstanding 8.50% Senior Notes due 2026.
Holders of the Old Notes can choose to exchange them for new 10.00% Senior Notes due 2030 at a rate of $14.85 principal amount of New Notes for each $25.00 principal amount of Old Notes, or tender them for cash.
The cash tender option offers $10.75 for each $25.00 principal amount of Old Notes, with an Early Tender Premium of $12.50 if tendered by October 21, 2025.
The maximum aggregate principal amount of Old Notes that may be exchanged and purchased is $38,409,825.
The Tender/Exchange Offer will expire on November 5, 2025.

Oct 6, 2025, 1:03 PM

8-K

Greenidge Generation Announces Tender and Exchange Offer for Senior Notes

GREE

Debt Issuance

Greenidge Generation Holdings Inc. (GREE) has commenced a Tender/Exchange Offer for its outstanding 8.50% Senior Notes due 2026 (Old Notes).
Holders can choose to exchange Old Notes for 10.00% Senior Notes due 2030 at a rate of $14.85 principal amount of New Notes for each $25.00 principal amount of Old Notes, representing a 38.5% premium to the closing price as of October 3, 2025.
Alternatively, Old Notes can be tendered for cash, with an Early Tender Premium of $12.50 per $25.00 principal amount of Old Notes if tendered by the Early Tender Date of October 21, 2025, compared to $10.75 thereafter until the Expiration Date of November 5, 2025.
The offer has a maximum aggregate principal amount of $38,409,825 for Old Notes and a $3.6 million cash payment limit for the Tender Option, which may result in pro rata acceptance.

Oct 6, 2025, 1:00 PM

Press Release

Greenidge Generation Announces Final Results of Senior Notes Tender/Exchange Offer

GREE

Debt Issuance

Delisting/Listing Issues

Greenidge Generation Holdings announced the final results of its Tender/Exchange Offer for its 8.50% Senior Notes due 2026, which expired on September 29, 2025.
A total of $5,943,975 in aggregate principal amount of Old Notes were accepted, with $5,835,725 tendered for cash and $108,250 exchanged for new notes.
Following the offer, the principal amount outstanding of the Old Notes will be $38,409,825.
The company expects to issue approximately $49,016 in aggregate principal amount of new 10.00% Senior Notes due 2030, which will be listed on the OTC Market's platform under the ticker "GREEN" due to not meeting Nasdaq listing minimums.