Joe Fadgen

- Greenidge Generation Holdings Inc. has announced the commencement of a **Tender/Exchange Offer** for its outstanding **8.50% Senior Notes due 2026**.  **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:0]** 
- 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.  **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:0]** **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:1]** 
- 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**.  **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:0]** **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:1]** 
- The maximum aggregate principal amount of Old Notes that may be exchanged and purchased is **$38,409,825**.  **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:0]** **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:1]** 
- The Tender/Exchange Offer will expire on **November 5, 2025**.  **[1844971_0001844971-25-000006_exhibit991pressreleaseocto.htm:1]**

Greenidge Generation Commences Tender and Exchange Offer for Senior Notes

- **Greenidge Generation Holdings Inc. (GREE)** has commenced a **Tender/Exchange Offer** for its outstanding **8.50% Senior Notes due 2026** (Old Notes).  **[1844971_bb66772e906543c59860ea6a61c0e3ba_0]** 
- 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.  **[1844971_bb66772e906543c59860ea6a61c0e3ba_0]** **[1844971_bb66772e906543c59860ea6a61c0e3ba_1]** 
- 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**.  **[1844971_bb66772e906543c59860ea6a61c0e3ba_0]** **[1844971_bb66772e906543c59860ea6a61c0e3ba_1]** 
- 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.  **[1844971_bb66772e906543c59860ea6a61c0e3ba_0]** **[1844971_bb66772e906543c59860ea6a61c0e3ba_1]**

Greenidge Generation Announces Tender and Exchange Offer for Senior Notes

- 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**.  **[1844971_f9f1c32418ae452fa16fb8465c6ef3b8_0]** 
- 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.  **[1844971_f9f1c32418ae452fa16fb8465c6ef3b8_0]** 
- Following the offer, the principal amount outstanding of the Old Notes will be **$38,409,825**.  **[1844971_f9f1c32418ae452fa16fb8465c6ef3b8_0]** 
- 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.  **[1844971_f9f1c32418ae452fa16fb8465c6ef3b8_1]**

Greenidge Generation Holdings (GREE)