Greenidge Generation Holdings Inc. held its 2026 annual stockholder meeting, where investors voted on board elections and the company’s outside auditor. Stockholders elected nine directors to serve until the 2027 annual meeting, with each nominee receiving over 29.2 million votes in favor and a similar level of support across the slate.
Stockholders also approved the appointment of MaloneBailey, LLP as Greenidge’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The auditor ratification received 34,049,387 votes for, 143,662 against, and 73,452 abstentions, indicating strong overall support for continuing with the same audit firm.
Greenidge Generation Holdings Inc. amends its shelf registration to offer, from time to time, up to $200,000,000 of Class A common stock, preferred stock, debt securities, warrants, rights and/or units, in one or more offerings. The prospectus states offerings will be made pursuant to prospectus supplements that set specific terms. The prospectus discloses a June 11, 2026 Class A closing price of $1.39 and an aggregate market value of Class A common stock held by non-affiliates of approximately $22,080,107 based on 13,221,621 non-affiliate shares and a referenced $1.67 per share price. Use of proceeds is described as for general corporate purposes, including repayment or refinancing of indebtedness, acquisitions, capital expenditures and working capital.
Greenidge Generation Holdings Inc. entered into privately negotiated exchange agreements on May 29 and June 1, 2026, swapping $2,089,400 aggregate principal of its 8.50% Senior Notes due October 2026 for 1,162,221 shares of Class A common stock. The exchanges were conducted under Section 3(a)(9) of the Securities Act, meaning the new shares went to existing security holders and no commission or other remuneration was paid for soliciting the exchanges. After this transaction, $33,138,350 aggregate principal of the notes remains outstanding, and the company states it is actively seeking additional non-cash opportunities to satisfy some or all of the remaining obligations but is not obligated to complete further exchanges.
Greenidge Generation Holdings reported first quarter 2026 revenue of $20.8 million, up $1.6 million from Q1 2025, driven by power and capacity revenue that more than doubled year over year to $18.7 million. Cryptocurrency mining and datacenter hosting revenues declined sharply as the company shifts toward power infrastructure and AI/HPC datacenter development.
Greenidge posted a net loss of $4.6 million, an improvement of $1.0 million from the prior year, with an EBITDA loss of $1.8 million and Adjusted EBITDA loss of $1.0 million. Operating cash outflow increased to $11.4 million, and Adjusted Free Cash Flow was a loss of $9.8 million.
The company highlighted strategic steps including a proposed NYSEG interconnection agreement for 60MW at its Dresden site, a 250MW power request at its Mississippi greenfield site supplementing 40MW planned for Q1 2027, and a signed agreement to sell a non-core Mississippi asset for $1.08 million. Greenidge ended the quarter with $7.1 million in cash, $6.7 million in bitcoin, and $38.9 million in senior unsecured debt, and continues to pursue AI/HPC-focused growth and debt reduction.
Greenidge Generation Holdings Inc. filed a shelf registration on to offer up to $200,000,000 of Class A common stock, preferred stock, debt securities, warrants, rights and units. The shelf permits offerings from time to time in one or more tranches and allows certain selling securityholders to resell shares; the company will not receive proceeds from sales by selling securityholders. The prospectus states proceeds the company receives will be used for general corporate purposes, which may include repayment or refinancing of existing indebtedness, acquisitions, capital expenditures and working capital. The filing notes material operational context: a 106 MW nameplate power plant at the New York Facility, approximately 23,500 ASIC miners (about 2.7 EH/s total), and expected access to 40 MW of datacenter capacity at a Columbus, Mississippi site by Q1 2027. Atlas and affiliates control approximately 68.0% of voting power.
Greenidge Generation Holdings Inc. reported a net loss of $4.6 million for the quarter ended March 31, 2026, slightly improved from a $5.6 million loss a year earlier. Total revenue rose 8% to $20.8 million, driven by a 103% increase in power and capacity revenue to $18.7 million, while datacenter hosting revenue fell sharply and cryptocurrency mining revenue declined 57% to $1.8 million.
The company ended the quarter with $7.1 million in cash and cash equivalents and total debt of $42.3 million, including $36.7 million in 8.50% Senior Notes due October 2026. Management states its cash flow projections support liquidity only through the third quarter of 2026 and that it will not be able to meet October 2026 debt payments without restructuring, refinancing or other strategic actions, concluding there is substantial doubt about its ability to continue as a going concern.
Greenidge Generation Holdings Inc. is asking stockholders to vote at its 2026 annual meeting on June 24, 2026 at its Pittsford, New York headquarters. Investors will elect nine directors to one-year terms and ratify MaloneBailey, LLP as independent auditor for the year ending December 31, 2026.
The company has a dual-class structure, with 14,073,725 Class A shares carrying one vote each and 2,733,394 Class B shares carrying ten votes each as of April 30, 2026. Atlas Holdings affiliates control 68.1% of total voting power, so all proposals can be approved with their support.
Greenidge remains an “emerging growth company” and “smaller reporting company,” using scaled disclosure and extended accounting standard transition periods until at least September 15, 2026. The board currently has nine members, four of whom are independent, and operates Audit and Compensation Committees but no standing nominating committee.
The proxy details executive pay, including 2025 total compensation of $630,439 for CEO Jordan Kovler, $592,240 for President Dale Irwin and $481,283 for CFO Christian Mulvihill, with a mix of salary, cash bonuses and restricted stock units. It also highlights related-party arrangements with Atlas entities, including letters of credit support and a used equipment purchase.
Greenidge Generation Holdings Inc. reported that directors Kenneth Fearn and Christopher Krug resigned from the Board effective April 15, 2026. Fearn served on the Audit Committee and Krug on the Compensation Committee. The company stated their resignations did not result from any disagreement regarding operations, policies, or practices.
The Compensation Committee approved fully accelerated vesting of the outstanding, unvested restricted stock units granted to the departing directors on April 17, 2025 and November 9, 2025. As a result, 174,107 RSUs held by Fearn and 174,107 RSUs held by Krug vested in full under the company’s Third Amended and Restated 2021 Equity Incentive Plan.
Greenidge Generation Holdings Inc. issued 114,865 shares of Class A Common Stock to Atlas-affiliated funds as a non-cash payment under an Equity Interest Payment Agreement dated January 24, 2025. The payment had a stated value of $160,041, based on a price formula in the agreement.
Of these shares, 82,302 went to Atlas Capital Resources (A9) LP, 29,552 to Atlas Capital Resources (A9-Parallel) LP, and 3,011 to Atlas Capital Resources (P) LP. Following this transaction, Atlas-related entities held 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible into an equal number of Class A shares.
Greenidge Generation Holdings Inc. announced the final results of its exchange offer for its 8.50% Senior Notes due 2026. Holders tendered $1,436,125 in principal out of $36,663,875 outstanding, and these notes will be exchanged into 10.00% Senior Notes due 2030 plus shares of Class A common stock.
On settlement, Greenidge expects to issue approximately $1,459,689 in aggregate principal amount of new 2030 notes and 114,890 Class A shares, leaving $35,227,750 principal of the 2026 notes outstanding. The company also disclosed that FINRA denied its request to obtain a trading symbol for the new notes on the OTC Markets platform, and it is evaluating alternatives, while warning investors that an active or liquid trading market for the new notes may not develop.