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Greenidge Generation Holdings Inc - GREE STOCK NEWS

Welcome to our dedicated news page for Greenidge Generation Holdings (Ticker: GREE), a resource for investors and traders seeking the latest updates and insights on Greenidge Generation Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greenidge Generation Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greenidge Generation Holdings's position in the market.

Rhea-AI Summary
Greenidge Generation Holdings Inc. (NASDAQ: GREE) announced its third-quarter 2023 financial and operating results, reporting a total revenue of $20.9 million. The company's cryptocurrency datacenter hosting revenue was $12.1 million, and cryptocurrency datacenter self-mining revenue was $6.6 million. Greenidge also achieved a break-even Adjusted EBITDA from continuing operations and produced 235 bitcoins from self-mining. The company operated an active mining capacity of approximately 4.6 EH/s from 42,300 miners as of September 30, 2023. Greenidge's cash as of September 30, 2023, was $10.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
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Rhea-AI Summary
Greenidge Generation Holdings Inc. announces selected preliminary financial and operating results for Q3 2023, expecting revenue of $21 million, net loss of $7-8 million, and Adjusted EBITDA of $0-1 million. Cryptocurrency datacenter hosting revenue is expected to be $12.5 million, self-mining revenue $6.5 million, and power and capacity revenue $2 million. Greenidge produced 871 bitcoin in Q3 2023. The company has approximately $10.7 million of cash and $89.5 million of debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
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Rhea-AI Summary
RealDefense LLC has closed a substantial multi-million dollar financing, allowing them to accelerate their acquisition strategy in the privacy and cybersecurity technology sectors. Recent M&A activity includes the acquisition of SUPERantispyware® and Support.com. The financing is a mix of equity and debt and includes returning investors Corbel Capital Partners and Sunflower Bank, N.A.
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Rhea-AI Sentiment
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-0.99%
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Rhea-AI Sentiment
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-3.51%
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News
Rhea-AI Summary
RealDefense acquires Support.com from Greenidge Generation Holdings, expanding its service portfolio. The acquisition includes Support.com's customer base, call center operations, remote IT support technology platform, and services businesses. RealDefense also gains access to Guided Paths®, a proprietary content platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.77%
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Rhea-AI Summary
Greenidge Generation Holdings Inc. announces financial results for Q1 2023. Total revenue was $15.2 million, down 48% YoY. Cryptocurrency datacenter hosting revenue was $6.9 million, and self-mining revenue was $6.5 million. Net loss from continuing operations was $8.8 million. Adjusted EBITDA loss was $1.1 million. 698 bitcoins were produced in Q1. Cash as of March 31, 2023, was $17.0 million.
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13.53%
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-12.82%
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2.56%
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Rhea-AI Summary
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Rhea-AI Sentiment
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12.5%
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Greenidge Generation Holdings Inc

Nasdaq:GREE

GREE Rankings

GREE Stock Data

27.40M
5.73M
2.52%
10.93%
3.95%
Data Processing, Hosting, and Related Services
Information
Link
United States
Dresden