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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Greenidge Generation Holdings / Equity Bottom-Up

<ul><li>Greenidge announced a solid 1Q25, with revenue of $19.2 million, roughly flat Y/Y, and debt reduction of $12 million from the original $72 million to $60 million.</li><li>The company had $13.3 million in cash and Bitcoin at the end of the quarter.</li><li>CEO Jordan Kovler said, “This past quarter, our team’s disciplined execution and prudent financial management have significantly advanced the turnaround of our business and operations. </li></ul>

Greenidge announced a solid 1Q25, with revenue of $19.2 million, roughly flat Y/Y, and debt reduction of $12 million from the original $72 million to $60 million.The company had $13.3 million in cash and Bitcoin at the end of the quarter.CEO Jordan Kovler said, “This past quarter, our team’s disciplined execution and prudent financial management have significantly advanced the turnaround of our business and operations. 

Greenidge Generation Holdings, Inc: 1Q25 Earnings Highlight Debt and Revenue Progress

<ul><li>Greenidge pre-announced solid 4Q24 results, beating on both revenue ($14.8 million versus consensus of $13.6 million) and adjusted EBITDA ($3.1 million at the midpoint versus consensus of $1.0 million).</li><li>CEO Jordan Kovler said, “Throughout 2024, we took significant steps to further right-size the business and stabilize our operations, reducing SG&amp;A expenses by almost $9 million.</li><li>We also implemented important new growth strategies, including the acquisition and successful buildouts of sites in Mississippi and North Dakota that represented 15MW of additional mining capacity.”</li></ul>

Greenidge pre-announced solid 4Q24 results, beating on both revenue ($14.8 million versus consensus of $13.6 million) and adjusted EBITDA ($3.1 million at the midpoint versus consensus of $1.0 million).CEO Jordan Kovler said, “Throughout 2024, we took significant steps to further right-size the business and stabilize our operations, reducing SG&amp;A expenses by almost $9 million.We also implemented important new growth strategies, including the acquisition and successful buildouts of sites in Mississippi and North Dakota that represented 15MW of additional mining capacity.”

Greenidge Generation Holdings, Inc. - Pre-Announces 4Q24;

<ul><li>Greenidge announced today that it has entered into a definitive agreement to sell its 152-acre Spartanburg, SC property Data Journey for $12.1 million in cash and an 8% profit participation interest in the property’s planned data center.</li><li>Greenidge will provide support to Data Journey in the site development and buildout.</li><li>Greenidge CEO Jordan Kovler said, “Today marks an exciting step forward for Greenidge as our South Carolina property sale to Data Journey represents our first large- scale entrance into the data center space.”</li></ul>

Greenidge announced today that it has entered into a definitive agreement to sell its 152-acre Spartanburg, SC property Data Journey for $12.1 million in cash and an 8% profit participation interest in the property’s planned data center.Greenidge will provide support to Data Journey in the site development and buildout.Greenidge CEO Jordan Kovler said, “Today marks an exciting step forward for Greenidge as our South Carolina property sale to Data Journey represents our first large- scale entrance into the data center space.”

Greenidge Generation Holdings, Inc. - First Large-Scale Data Center Sale and Partnership Announced

United States

Greenidge Generation Holdings Inc. operates as a holding company. The Company, through its subsidiaries, mines cryptocurrencies, with a focuses on the blockchain ecosystem and the generation of digital assets. Greenidge Generation Holdings serves customers worldwide.

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Greenidge Generation Holdings (GREE US)

Greenidge Generation Holdings, Inc: 1Q25 Earnings Highlight Debt and Revenue Progress

Greenidge announced a solid 1Q25, with revenue of $19.2 million, roughly flat Y/Y, and debt reduction of $12 million from the original $72 million...

Water Tower Research

Greenidge Generation Holdings, Inc. - Pre-Announces 4Q24;

Greenidge pre-announced solid 4Q24 results, beating on both revenue ($14.8 million versus consensus of $13.6 million) and adjusted EBITDA...

Water Tower Research

Greenidge Generation Holdings, Inc. - First Large-Scale Data Center Sale and Partnership Announced

Kovler believes Greenidge will continue to focus on scaling the company’s complementary data center and bitcoin mining capabilities and expertise.

Water Tower Research

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