Greenidge Generation Holdings Inc Stock Price, News & Analysis

Greenidge (Nasdaq: GREE) reported Q3 2025 results and announced a landmark agreement with the New York State Department of Environmental Conservation that provides a pathway for a new five-year Title V air permit for its Dresden power plant, subject to public comment and EPA review.

Q3 results: total revenue $15.2M, net income $12.0M, EBITDA $15.2M, adjusted EBITDA $1.7M, 95 BTC produced. Company reduced October 2026 senior unsecured debt to $38.0M after tender/exchange offers and sold a 7.5MW Mississippi facility for $3.9M.

Greenidge (NASDAQ: GREE) and New York State agreed a five-year renewal of the Dresden Title V Air Permit on November 7, 2025, ending related litigation and requiring emissions cuts that exceed state Climate Act goals.

Key terms include a 44% reduction in permitted greenhouse gas emissions by 2030, a 25% reduction in measured actual emissions by 2030, a NYSDEC finding that limits align with the Climate Act, and an obligation that NYSDEC will issue a Final Title V permit modification and renewal. The company says the facility supplies significant power to the local grid, can ramp to high output in minutes, invested over $100 million in modernization, and accounts for nearly 10% of Yates County tax revenue.

Greenidge Generation (Nasdaq: GREE) announced final results of its Tender/Exchange Offer for its 8.50% Senior Notes due 2026 (CUSIP 39531G209), which expired on November 5, 2025. A total of $334,525 in Old Notes were accepted (including $276,225 tendered for cash and $58,300 exchanged for New Notes), reducing outstanding Old Notes to $38,075,300.

Holders who exchanged Old Notes will receive 10.00% Senior Notes due 2030 at a ratio of $14.85 of New Notes per $25.00 Old Note; Greenidge expects to issue approximately $34,606 principal amount of New Notes on settlement, expected November 7, 2025, with planned listing on the OTC Market under ticker GREEN.

Greenidge Generation (Nasdaq: GREE) announced early results for its concurrent cash tender and exchange offers for its 8.5% Senior Notes due 2026 on October 22, 2025. The Offer relates to outstanding Old Notes trading under CUSIP 39531G209 with a principal amount outstanding of $38,409,825. As of the Early Tender Date, $276,225 of Old Notes were validly tendered and not properly withdrawn under the Tender Option, and $31,275 were validly tendered under the Exchange Option.

Complete terms and conditions appear in the Offer to Purchase/Exchange dated October 6, 2025. Questions may be directed to the information agent D.F. King at the provided phone numbers or email.

Greenidge Generation (Nasdaq: GREE) commenced concurrent offers to exchange or purchase its outstanding 8.50% Senior Notes due 2026 (Old Notes) as of October 6, 2025.

The Exchange Option would deliver $14.85 principal of new 10.00% Senior Notes due 2030 for each $25.00 principal of Old Notes. The Tender Option pays $10.75 cash per $25 of Old Notes, or an Early Tender Premium of $12.50 for tenders at or prior to 5:00 PM EDT on Oct 21, 2025. The maximum aggregate principal subject to the Offer is $38,409,825.

The Offer expires at 5:00 PM EDT on Nov 5, 2025, is subject to a $3.6 million cash payment limit (pro rata purchases if exceeded), and notes tendered will accrue approximately $0.54 per $25 in interest to but not including Oct 31, 2025. The company cautions the New Notes may not develop an active trading market.

Greenidge Generation (NASDAQ: GREE) has announced the final results of its Tender/Exchange Offer for its 8.50% Senior Notes due 2026. The offer, which expired on September 29, 2025, allowed holders to either sell their notes for cash or exchange them for new 10.00% Senior Notes due 2030.

Of the $44.35 million outstanding notes, holders tendered $5.83 million for cash at $10.00 per $25.00 principal amount, and exchanged $108,250 for new notes at a rate of $11.00 in new notes per $25.00 of old notes. The total tender/exchange amount was $5.94 million, leaving $38.41 million in original notes outstanding. The company expects to issue approximately $49,016 in new notes, which will trade on the OTC Market under symbol "GREEN" instead of Nasdaq due to the small offering size.

Greenidge Generation Holdings (NASDAQ:GREE), a vertically integrated cryptocurrency datacenter and power generation company, has completed the sale of its bitcoin mining facility in Columbus, Mississippi. The transaction, which closed on September 16, 2025, was executed with US Digital Mining Mississippi LLC for a consideration of $3.9 million, subject to customary adjustments and expenses.

Greenidge Generation (NASDAQ: GREE) has announced significant amendments to its previously announced tender and exchange offers for its 8.5% Senior Notes due 2026. The company has increased the tender offer price to $10.00 plus accrued interest for each $25.00 principal amount of Old Notes and extended the expiration date to September 29, 2025.

As of September 11, 2025, $3,972,675 in principal amount has been validly tendered under the Tender Option, while $1,375 has been tendered under the Exchange Option, out of a total outstanding principal amount of $44,353,500. Key changes include the removal of the Early Tender Premium and holders who previously tendered don't need additional action to receive the increased price.

Greenidge Generation (NASDAQ:GREE) has launched a concurrent Tender/Exchange Offer for its outstanding 8.50% Senior Notes due 2026. The offer includes two options: an Exchange Option offering $11.00 in new 10.00% Senior Notes due 2030 for each $25.00 of old notes, and a Tender Option to purchase notes for $8.50 cash per $25.00 principal amount, with an Early Tender Premium of $9.00 if tendered by September 11, 2025.

The Exchange Option represents a 34% premium to the August 26 closing price of $8.20. The cash purchase is limited to $2.0 million, or $5.9 million if certain asset purchase transactions close by September 16. The offer expires on September 26, 2025, with a maximum aggregate principal amount of $44,353,800 eligible for exchange or purchase.