Greenidge Generation Holdings
GREE

$2.77

4.15%

Market Cap: 27.2M

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 global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the company.

Employees: 40

Financials Finance Services

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 7

7.27% more ownership

Funds ownership: 13.87% [Q4 2023] → 21.14% (+7.27%) [Q1 2024]

20% less funds holding

Funds holding: 30 [Q4 2023] → 24 (-6) [Q1 2024]

21% less capital invested

Capital invested by funds: $4.2M [Q4 2023] → $3.34M (-$861K) [Q1 2024]

75% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 8

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$4

44%

upside

Avg. target

$4.50

62%

upside

High target

$5

81%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities Lucas Pipes	44%upside $4	Buy Maintained	12 Jul 2024
B. Riley Securities Lucas Pipes	81%upside $5	Buy Maintained	31 May 2024

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Financial journalist opinion

Greenidge to Unveil Pod X Bitcoin Mining Solution at the Bitcoin Conference

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 it will be unveiling its Greenidge Pod X for the first time publicly at the Bitcoin Conference. A model of the Greenidge Pod X will be on display in Booth 937 of the conference's Exhibit Hall at the Music City Center in Nashville, TN, on July 25-27, 2024. Launched in June 2024, the Greeni.

Greenidge to Unveil Pod X Bitcoin Mining Solution at the Bitcoin Conference

Greenidge Expands Bitcoin Mining Capabilities with Launch of Mississippi Site and Deployment of 2,400 Miners

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 bitcoin mining capabilities with the launch of its newest bitcoin mining site located in Mississippi. The site went live on July 1, 2024 with 2,400 bitcoin miners that Greenidge deployed from its fleet. In the coming weeks, Greenidge also expects to deploy its fir.

Greenidge Expands Bitcoin Mining Capabilities with Launch of Mississippi Site and Deployment of 2,400 Miners

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.

Greenidge Generation Announces Preliminary Financial and Operating Results for the First Quarter 2024 and Release of Investor Presentation

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7 Stocks to Buy Right After the April Bitcoin Halving

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.

DNAnexus and Oracle Collaborate to Advance Precision Health

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.

Greenidge Generation Reports Financial and Operating Results for the Fourth Quarter and Full Year 2023

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.

Greenidge Announces Continued Expansion of Power Capacity; Company Has Secured Access To 60 MW of Low-Cost Power in South Carolina

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,.

Greenidge Generation Announces Fourth Quarter Results Will Meet or Exceed Preliminary Results

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.

Greenidge Announces Expansion of Power Capacity with 40 MW of Low-Cost Power in Key Territories

Infinite Reality, the Global Leader in Immersive Experiences, Acquires Spatial Web Pioneer Ethereal Engine

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