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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 2Q25 with revenue of $12.9 million roughly flat YoY and reduced debt from $60 million last quarter to $45 million this quarter.</li><li>The company had $3.4 million of cash and $7.3 million of bitcoin at the end of the quarter.</li><li>CEO Jordan Kovler said, “With the successful completion of our tender and exchange offer, we have significantly reduced our October 2026 debt obligations by $27.6 million since October 2024, while continuing to secure opportunities to optimize and scale our mining operations. </li></ul>

Greenidge announced a solid 2Q25 with revenue of $12.9 million roughly flat YoY and reduced debt from $60 million last quarter to $45 million this quarter.The company had $3.4 million of cash and $7.3 million of bitcoin at the end of the quarter.CEO Jordan Kovler said, “With the successful completion of our tender and exchange offer, we have significantly reduced our October 2026 debt obligations by $27.6 million since October 2024, while continuing to secure opportunities to optimize and scale our mining operations. 

Greenidge Generation Holdings, Inc: 2Q25 Earnings Show Debt Reduction and Solid Revenue