Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026
GREEL
NASDAQ Global Select24.55
USD
+0.96
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Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026
GREEL
(NASDAQ Global Select)
Recent
price
24.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Greenidge Generation Holdings Inc. is a vertically integrated bitcoin mining and power generation company primarily engaged in cryptocurrency mining, datacenter hosting, and power generation using low-cost natural gas. The company operates significant mining and power generation facilities across New York, Mississippi, and North Dakota, including a 106MW natural gas plant in Dresden, New York, and additional sites such as a 37-acre facility in Mississippi providing access to low-cost power. Greenidge offers bitcoin mining services, hosts bitcoin mining equipment for customers, and operates with a focus on carbon-neutral mining by utilizing low-carbon energy sources and offsetting its carbon footprint. Founded in 1937 and headquartered in Dresden, New York, Greenidge has expanded its infrastructure with recent acquisitions of new sites, launched the Pod X portable cryptocurrency mining infrastructure in 2024, and reduced debt through significant tender and exchange offers. Major recent changes include a historic five-year air permit agreement with New York State that endorses emissions reductions beyond state climate goals, a 38.2% reduction in October 2026 senior unsecured debt, sale of the South Carolina property, and plans to add 40 MW of power capacity by mid-2026 with expanded mining capacity in Mississippi. The company is focused on optimizing and scaling its mining operations while pursuing strategic growth in datacenter hosting and high-performance computing areas. It is publicly traded on NASDAQ under the ticker GREE.
Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Short Interest Up 296.1% in March