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$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)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES FROM OPERATIONS: | ||
| Net loss | $(5,564) | $(3,944) |
| Adjustments to reconcile net loss from operations to net cash flow from operating activities: | ||
| Depreciation | 3,131 | 3,234 |
| Change in fair value of warrant asset | — | 420 |
| Amortization of debt issuance costs | (83) | 261 |
| Impairment of long-lived assets | — | 169 |
| Loss on sale of assets | 137 | — |
| Stock-based compensation expense | 543 | 1,070 |
| Revenues from digital assets production | (4,226) | (6,999) |
| Proceeds from sale of digital assets | — | 7,104 |
| Loss (gain) on digital assets | 988 | (59) |
| Gain on insurance proceeds | (399) | — |
| Loss on liquidation of foreign subsidiary | 348 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,070 | (216) |
| Emissions and carbon offset credits | 2,376 | (6,258) |
| Prepaids and other assets | 556 | 626 |
| Accounts payable | (262) | (317) |
| Accrued emissions | (1,502) | 1,736 |
| Accrued expenses | (707) | (1,850) |
| Contract liabilities | (2,339) | — |
| Related party payable | 1,505 | — |
| Other | (1,298) | (38) |
| Net cash flow used for operating activities | (5,726) | (5,061) |
| INVESTING ACTIVITIES FROM OPERATIONS: | ||
| Purchases of and deposits for property and equipment | (902) | (1,332) |
| Proceeds from sale of assets | 706 | 380 |
| Proceeds from insurance claim | 399 | — |
| Proceeds from sale of digital assets | 1,783 | — |
| Net cash flow provided by (used for) investing activities | 1,986 | (952) |
| FINANCING ACTIVITIES FROM OPERATIONS: | ||
| Proceeds from issuance of common stock, net of issuance costs | — | 1,038 |
| Proceeds from issuance of common stock and pre-funded warrants | — | 6,000 |
| Net cash flow provided by financing activities | — | 7,038 |
| CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (3,740) | 1,025 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH - beginning of year | 8,619 | 13,312 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH - end of period | $4,879 | $14,337 |
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.