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

Greenidge Generation Holdings Inc. (NASDAQ:GREE) provided a bitcoin production update for Q2 and July 2024. The company produced 120 bitcoin in April, 57 in May, 40 in June, and 58 in July. The hash rate fluctuated due to various operational changes, including miner redeployment and a planned power plant outage.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:39 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

B. Riley Securities has maintained its Buy rating on Greenidge Generation Holdings (NASDAQ:GREE) but has lowered the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:11 pm

In Friday's after-market session, several information technology stocks showed notable movements. Baijiayun Group led the gainers with a 14.8% increase, while MMTEC experienced the largest drop among the losers, declining by 10.5%. Other notable companies such as Wrap Technologies, Sonim Technologies, and Evolv Technologies also saw their stock prices increase. Conversely, companies like DZS, Greenidge Generation Holdings, and Pixelworks faced declines.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:31 pm

In Thursday's after-market session, several information technology stocks showed significant movement due to their Q1 earnings reports. OneSpan, Digimarc, Wetouch Technology, Clearfield, Five9, and Greenidge Generation saw gains, with OneSpan leading at a 20.2% increase. Conversely, Sprout Social, MariaDB, Marin Software, BigBear.ai, Cloudflare, and Next Technology Holding experienced declines, with Sprout Social dropping 22.8%.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 8:31 pm

In Thursday's pre-market session, 12 Information Technology stocks showed significant movement. Gainers included Tungray Technologies, Ondas Holdings, LightPath Technologies, Saverone 2014, Greenidge Generation Hldg, and Nano Labs with increases ranging from 8.6% to 25.9%. Losers were led by Fastly, Freshworks, Everspin Technologies, Qorvo, Appian, and Luna Innovations, with declines between 7.38% and 29.9%, largely due to recent earnings reports.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 12:06 pm

Greenidge Generation announced its preliminary Q1 adjusted EBITDA to be between $2.1M and $3.1M, with an EPS ranging from $(0.43) to $(0.33).

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:42 pm

Software stocks, including ADBE, ADSK, CRWD, HUBS, NET, and SHOP, are trading lower due to broader tech sector weakness, potentially linked to concerns over rate cuts following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:40 pm

Greenidge Generation Holdings (NASDAQ:GREE) reported Q4 earnings of $0.36 per share, surpassing the $0.28 estimate, marking a 105.9% increase from last year. However, their Q4 sales of $19.60M fell short of the $26.70M estimate, despite being a 22.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:04 pm

Earnings reports for April 9, 2024, include a mix of projected losses and gains across various sectors. Tilray Brands, Cognyte Software, and Nauticus Robotics are expected to report losses, while Neogen, SMART Global Holdings, WD-40, and Pricesmart anticipate profits. Other companies like Neuraxis, Greenidge Generation, and Aehr Test Systems will also report their financial outcomes.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 9:35 am

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.