Greenidge Generation Holdings Inc
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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.
Mar 31, 2025 · Filed May 15, 2025
VIP$1.02+5.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents, including restricted cash | $4,879 | $8,619 |
| Digital assets | 8,405 | 6,950 |
| Accounts receivable | 423 | 1,493 |
| Prepaid expenses and current other assets | 2,061 | 2,617 |
| Emissions and carbon offset credits | 4,748 | 7,124 |
| Total current assets | 20,516 | 26,803 |
| LONG-TERM ASSETS: | ||
| Property and equipment, net | 27,153 | 30,299 |
| Other long-term assets | 1,861 | 569 |
| Long-term assets held for sale | 7,184 | 7,184 |
| Total assets | 56,714 | 64,855 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | 3,514 | 3,850 |
| Accrued emissions expense | 7,166 | 8,668 |
| Accrued expenses | 3,526 | 4,232 |
| Short-term environmental liability | 250 | 250 |
| Contract liability | — | 2,339 |
| Related party payables | 135 | — |
| Total current liabilities | 14,591 | 19,339 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt, net of deferred financing fees | 67,170 | 68,068 |
| Environmental liabilities | 30,432 | 30,432 |
| Other long-term liabilities | 2,763 | 2,770 |
| Total liabilities | 114,956 | 120,609 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | ||
| STOCKHOLDERS' DEFICIT: | ||
| Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding | — | — |
| Common stock, par value $0.0001, 500,000,000 shares authorized, 14,725,374 and 13,025,627 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 337,058 | 334,330 |
| Cumulative translation adjustment | — | (348) |
| Accumulated deficit | (395,301) | (389,737) |
| Total stockholders' deficit | (58,242) | (55,754) |
| Total liabilities and stockholders' deficit | $56,714 | $64,855 |
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