Financial Services - Financial - Capital Markets - NASDAQ - US
$ 2.67
8.1 %
$ 29.8 M
Market Cap
-2.81
P/E
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.[ Read More ]
The intrinsic value of one GREE stock under the base case scenario is HIDDEN Compared to the current market price of 2.67 USD, Greenidge Generation Holdings Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart GREE
FINANCIALS
70.4 M
REVENUE
-16.9 M
OPERATING INCOME
-29 M
NET INCOME
-13 M
OPERATING CASH FLOW
-2.71 M
INVESTING CASH FLOW
13.8 M
FINANCING CASH FLOW
12.4 M
REVENUE
-6.32 M
OPERATING INCOME
-6.27 M
NET INCOME
-1.62 M
OPERATING CASH FLOW
-3.34 M
INVESTING CASH FLOW
-7.04 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Greenidge Generation Holdings Inc.
| Current Assets | 24.4 M |
| Cash & Short-Term Investments | 13.3 M |
| Receivables | 1.22 M |
| Other Current Assets | 9.9 M |
| Non-Current Assets | 46.7 M |
| Long-Term Investments | 0 |
| PP&E | 45.1 M |
| Other Non-Current Assets | 1.65 M |
| Current Liabilities | 21 M |
| Accounts Payable | 3.5 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 17.5 M |
| Non-Current Liabilities | 101 M |
| Long-Term Debt | 68.7 M |
| Other Non-Current Liabilities | 32.5 M |
EFFICIENCY
Earnings Waterfall
Greenidge Generation Holdings Inc.
| Revenue | 70.4 M |
| Cost Of Revenue | 51 M |
| Gross Profit | 19.4 M |
| Operating Expenses | 72.2 M |
| Operating Income | -16.9 M |
| Other Expenses | 12.1 M |
| Net Income | -29 M |
RATIOS
27.54%
GROSS MARGIN
-24.00%
OPERATING MARGIN
-41.92%
NET MARGIN
57.84%
ROE
-41.46%
ROA
-95.51%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Greenidge Generation Holdings Inc.
| Net Income | -29 M |
| Depreciation & Amortization | 13.6 M |
| Capital Expenditures | -13 M |
| Stock-Based Compensation | 2.34 M |
| Change in Working Capital | 979 K |
| Others | 1.35 M |
| Free Cash Flow | -26 M |
Wall Street Analysts Price Targets
Greenidge Generation Holdings Inc.
GREE has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
48.3 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Greenidge Generation Holdings Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
88.4 K USD 1
6-9 MONTHS
23.6 K USD 1
9-12 MONTHS
0 USD 0
Bought
8.6 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
13.9 K USD 1
6-9 MONTHS
36.1 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 06, 2024
|
Bought 1.72 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 1000
|
1.7193 USD |
|
2 months ago
Sep 06, 2024
|
Bought 6.88 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 4000
|
1.7198 USD |
|
5 months ago
May 28, 2024
|
Sell 24.6 K USD
|
Irwin Dale
President |
- 8777
|
2.8072 USD |
|
5 months ago
May 20, 2024
|
Sell 63.8 K USD
|
Irwin Dale
President |
- 25000
|
2.5519 USD |
|
8 months ago
Feb 28, 2024
|
Sell 23.6 K USD
|
Irwin Dale
President |
- 5646
|
4.18 USD |
|
8 months ago
Feb 20, 2024
|
Bought 7.74 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 2000
|
3.87 USD |
|
9 months ago
Feb 16, 2024
|
Bought 2.82 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 690
|
4.08 USD |
|
9 months ago
Feb 16, 2024
|
Bought 3.3 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 810
|
4.07 USD |
|
9 months ago
Feb 05, 2024
|
Bought 1.64 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 500
|
3.27 USD |
|
9 months ago
Feb 05, 2024
|
Bought 8.39 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 2550
|
3.29 USD |
|
1 year ago
Nov 16, 2023
|
Bought 26 K USD
|
Kovler Jordan
Chief Executive Officer |
+ 5000
|
5.21 USD |
|
1 year ago
Mar 09, 2023
|
Sell 2.73 K USD
|
NEUSCHELER MICHAEL P
Director |
- 6504
|
0.42 USD |
|
1 year ago
Mar 09, 2023
|
Sell 1.46 K USD
|
Rothaupt Daniel
Director |
- 3470
|
0.42 USD |
|
2 years ago
Nov 15, 2022
|
Sell 1.16 K USD
|
Loughran Robert
Chief Financial Officer |
- 1543
|
0.75 USD |
|
1 year ago
Jan 31, 2023
|
Bought 1 M USD
|
Atlas Capital Resources GP LLC
director, 10 percent owner: |
+ 1190476
|
0.84 USD |
7. News
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.
businesswire.com
- 2 days 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.
businesswire.com
- 1 month ago
Greenidge Generation Announces Preliminary Financial and Operating Results for the First Quarter 2024 and Release of Investor Presentation
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the first quarter of 2024. The Company also highlighted CEO Jordan Kovler's presentation at the Planet MicroCap Showcase: Vegas 2024 taking place today, May 1, 2024, at 4:00 pm PST, which may be attended and accessed live along with the accompanying presenta.
businesswire.com
- 6 months ago
7 Stocks to Buy Right After the April Bitcoin Halving
The Bitcoin ( BTC-USD ) halving event has passed, and with it comes a renewed interest in blockchain technology and its potential for transforming various industries. As the cryptocurrency market continues to evolve, savvy investors are looking beyond just Bitcoin and exploring opportunities in companies that are leveraging blockchain technology to disrupt traditional business models.
investorplace.com
- 6 months ago
DNAnexus and Oracle Collaborate to Advance Precision Health
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- #AI--DNAnexus announced that it will collaborate with Oracle to advance precision health.
businesswire.com
- 7 months ago
Greenidge Generation Reports Financial and Operating Results for the Fourth Quarter and Full Year 2023
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2023 and provided an update on the actions the Company has taken to continue the transformation of the business. Fourth Quarter 2023 Financial Results: Total revenue of $19.6 million; Net income from continuing operations.
businesswire.com
- 7 months ago
Greenidge Announces Continued Expansion of Power Capacity; Company Has Secured Access To 60 MW of Low-Cost Power in South Carolina
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 continues to expand its U.S. footprint capacity and has secured access to 60 MW of low-cost power in South Carolina. This follows the Company's recently announced acquisition of 32.5 MW of mining capacity in Mississippi and 7.5 MW of mining capacity in North Dakota, bringing the t.
businesswire.com
- 7 months ago
Greenidge Generation Announces Fourth Quarter Results Will Meet or Exceed Preliminary Results
DRESDEN, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced that its financial results for the fourth quarter of 2023 will meet or exceed the preliminary results that Greenidge previously announced on February 1, 2024. Greenidge also announced that it has postponed the release of its financial results and conference call for the fourth quarter and full-year 2023,.
businesswire.com
- 7 months ago
Greenidge Announces Expansion of Power Capacity with 40 MW of Low-Cost Power in Key Territories
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 has expanded its U.S. footprint with access to 40 MW of low-cost power through property expansions in Mississippi and North Dakota. Greenidge purchased 12 acres with 32.5 MW of mining capacity in Mississippi and is in the process of deploying 7 MW of miners in Q2. By April 1, the.
businesswire.com
- 8 months ago
Infinite Reality, the Global Leader in Immersive Experiences, Acquires Spatial Web Pioneer Ethereal Engine
Virtual Experiences Leader Acquires Ethereal Engine in Share-For-Share Transaction Valuing Infinite Reality at $2.5 Billion and Ethereal Engine at $75 million
globenewswire.com
- 9 months ago
Greenidge Generation Announces $6 Million Investment to Support Ongoing Business Transformation
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 has entered into a securities purchase agreement with Armistice Capital that includes an initial investment of $6 million. The investment from Armistice Capital will provide Greenidge with long-term capital to support the Company's growth strategy and is expected to fund its expan.
businesswire.com
- 9 months ago
Infinite Reality, Global Leader Powering AI-Virtual Immersive Experiences Announces Strategic Partnership with Greenidge Generation Holdings (Nasdaq: GREE)
NORWALK, Conn.--(BUSINESS WIRE)--Infinite Reality, Global Leader Powering AI-Virtual Immersive Experiences Announces Strategic Partnership with Greenidge Generation Holdings.
businesswire.com
- 11 months ago
8. Profile Summary
Greenidge Generation Holdings Inc. GREE
COUNTRY
US
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 29.8 M
Dividend Yield
0.00%
Description
Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.
Contact
135 Rennell Drive, Fairfield, CT, 06890
https://greenidge.com
IPO Date
July 19, 2000
Employees
40
Officers
Mr. Dale Irwin
President
Mr. Dustin Beaudry
Chief Technology Officer
Mr. Timothy Rainey
Treasurer
Mr. Jordan Kovler
Chief Executive Officer & Director
Mr. Christian Mulvihill
Chief Financial Officer