Greenidge Generation Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
VIP$0.97-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| OPERATING ACTIVITIES FROM CONTINUING OPERATIONS: | ||
| Net loss | $(15,879) | $(32,452) |
| Income from discontinued operations | (12) | (696) |
| Net loss from continuing operations | (15,867) | (31,756) |
| Adjustments to reconcile net loss from continuing operations to net cash flow from operating activities: | ||
| Depreciation | 9,909 | 10,368 |
| Accrued interest added to principal | — | 1,212 |
| Change in fair value of warrant asset | 420 | — |
| Amortization of debt issuance costs | 825 | 2,137 |
| Impairment of long-lived assets | 169 | 4,000 |
| Loss (gain) on sale of assets | 661 | (1,752) |
| Gain on digital assets | (204) | — |
| Remeasurement of environmental liability | — | 1,600 |
| Stock-based compensation expense | 1,798 | 1,531 |
| Revenues from digital assets production | (15,041) | — |
| Proceeds from sale of digital assets | 11,141 | — |
| Professional fees paid in common stock | — | 250 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 346 | 2,421 |
| Emissions and carbon offset credits | 220 | (337) |
| Digital assets | — | 348 |
| Prepaids and other assets | 1,668 | (1,801) |
| Income tax receivable | (89) | (59) |
| Accounts payable | (299) | 7,518 |
| Accrued emissions | (4,374) | 1,872 |
| Accrued expenses | (1,874) | (2,717) |
| Contract liabilities | 2,200 | — |
| Other long-term liabilities | — | 4,713 |
| Other | 229 | (458) |
| Net cash flow used for operating activities from continuing operations | (8,162) | (910) |
| INVESTING ACTIVITIES FROM CONTINUING OPERATIONS: | ||
| Purchases of and deposits for property and equipment | (6,938) | (10,952) |
| Proceeds from sale of assets | 1,878 | 600 |
| Proceeds from sale of digital assets | 628 | — |
| Net cash flow used for investing activities from continuing operations | (4,432) | (10,352) |
| FINANCING ACTIVITIES FROM CONTINUING OPERATIONS: | ||
| Proceeds from issuance of common stock, net of issuance costs | 1,038 | 11,475 |
| Proceeds from issuance of common stock and pre-funded warrants | 6,000 | — |
| Principal payments on debt | — | (6,809) |
| Net cash flow provided by financing activities from continuing operations | 7,038 | 4,666 |
| Discontinued Operations: | ||
| Net cash flow from operating activities of discontinued operations | (186) | (1,259) |
| Net cash flow from investing activities of discontinued operations | — | 3,325 |
| Increase (decrease) in cash and cash equivalents from discontinued operations | (186) | 2,066 |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (5,742) | (4,530) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year | 13,312 | 15,217 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of period | $7,570 | $10,687 |
See Note 13 for supplemental cash flow information
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.