Streetbeat News

GREE

Greenidge Generation Holdings Inc.

Industry

Financial - Capital Markets

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.

Open

2.67

Mkt cap

30M

Volume

1.5M

High

2.76

P/E Ratio

-2.87

52-wk high

9.26

Low

2.48

Div yield

N/A

52-wk low

1.62

Several information technology stocks experienced significant price movements during Tuesday's intraday session. Notable gainers included BIO-key Intl, Cemtrex, CommVault Systems, Canaan, Greenidge Generation, and Cadence Design Systems. On the losing side, Daqo New Energy, Harmonic, SMX, Xerox Holdings, Phunware, and JinkoSolar Holding Co saw declines, with some companies reporting earnings that influenced their stock prices.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 4:30 pm

Greenidge Generation Holdings Inc. (NASDAQ:GREE) shares rose on Monday following the announcement of preliminary Q3 2024 financial results. The company reported $12.4 million in revenue, a $0.4 million adjusted EBITDA loss, and a $6.6 million net loss. Revenue sources included cryptocurrency mining, datacenter hosting, and power services. Greenidge also reduced SG&A expenses significantly compared to the previous year.

Portfolio Pulse from Dylan Berman

October 14, 2024 | 5:33 pm

Greenidge Generation's shares rose following the release of preliminary Q3 revenue results and bitcoin production figures.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:02 pm

Greenidge Generation Holdings reported preliminary Q3 revenue of $12.4 million and a total Bitcoin production of 167. The company also announced a significant reduction in SG&A expenses by approximately $9.1 million year-to-date.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:05 pm

Several information technology stocks experienced significant price movements during Thursday's after-market session. Notable gainers included SPI Energy, LeddarTech Holdings, and Porch Group, while XIAO-I, Akoustis Technologies, and TeraWulf were among the losers.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:30 pm

The article reports on the after-market movements of various information technology stocks. Glimpse Group (VRAR) and ReposiTrak (TRAK) saw significant gains following their Q4 earnings reports. Other gainers include Next Technology Holding (NXTT), Argo Blockchain (ARBK), Greenidge Generation (GREE), and Daktronics (DAKT). On the losing side, Cemtrex (CETX) experienced a sharp decline, along with CPI Card (PMTS), BIT Mining (BTCM), Intchains Gr (ICG), Signing Day Sports (SGN), and BIO-key Intl (BKYI).

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:30 pm

Tech sector shares are trading higher due to a rebound and the inclusion of Dell Technologies and Palantir Technologies in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:45 pm

Greenidge Generation produced 55 Bitcoin in August 2024, with 17 from company-owned miners and 38 from datacenter hosting. CEO Jordan Kovler presented at the H.C. Wainwright Conference, discussing ongoing miner upgrades and new site development.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:04 pm

Greenidge Generation Holdings (NASDAQ:GREE) reported Q2 sales of $13.06 million, missing the analyst consensus estimate of $16.10 million by 18.90%. This represents an 11.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.